Company
stringclasses 155
values | Link
stringlengths 49
198
| Title
stringlengths 19
141
| Date
timestamp[ns]date 2007-03-01 16:04:11
2025-11-10 00:00:00
| Text
stringlengths 46
55.8k
|
|---|---|---|---|---|
Clorox
|
https://www.cnbc.com/2025/11/03/tech-rules-mondays-stock-market-plus-eli-lillys-big-comeback.html?&qsearchterm=Clorox
|
Tech rules Monday's stock market — plus, Eli Lilly's big comeback and new vote of confidence
| 2025-11-03T00:00:00
|
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: The S & P 500 was slightly higher to start the week, but most of the gains were concentrated in AI-related technology stocks and the Magnificent Seven — especially Amazon, after it struck a multiyear deal with OpenAI worth $38 billion of compute capacity. The Nasdaq , with a heavier weighting in tech, was modestly higher. The rally in most of the Mag 7, which included Nvidia on a host of positive developments , came as if on cue after Jim Cramer's Sunday column about not judging the stocks by their outsized portion of the overall market but as individual stories with long runways of growth ahead. Spin housekeeping: Now that the Honeywell -Solstice and DuPont -Qnity Electronics splits are complete, we need to revise our price targets on the two former parent companies to reflect the loss of value from the spins and introduce new price targets on Solstice and Qnity. We plan to make those changes in the coming days. We will have a better idea after DuPont and Solstice report Thursday morning and Qnity provides its business update Thursday evening. But to give you a sense of how we are thinking about Qnity, five major firms have launched coverage on this semiconductor materials maker with buy or buy-equivalent ratings and an average price target of about $113. That is our favorite. Solstice trading is going to be volatile over the next few weeks as its shareholder base turns over from multi-industry and aerospace-minded investors toward chemicals. But there are interesting, secular growing parts to the company, especially on the nuclear energy side. UBS initiated Solstice with a buy and $62 price target on Monday, but we want to see how management guides. Remember, the remaining Honeywell, which is made up of automation and aerospace, will split into two separate companies in the second half of next year. Lilly rally: Eli Lilly 's post-earnings rally was powering ahead for a third session in a row. With Monday's roughly 3% gain, the stock is now up roughly 9% since the drugmaker's beat and raise third quarter earnings report last Thursday. The move back to the upper $800s puts the stock at its highest levels since its first quarter 2025 earnings report . Shares plunged 11% that day, falling from $898 to $794, after news that Novo Nordisk had struck a deal with CVS Caremark to make Wegovy, the preferred GLP-1 weight loss drug for patients. But as we learned from Lilly's earnings call last week, the impact has not nearly been as bad as feared. The Lilly news Monday is that it is planning to build a $3 billion manufacturing facility in the Netherlands. The plant is expected to expand Lilly's oral medicines, including its GLP-1 orforglipron, and strengthen the company's global supply chain. Lilly is investing tens of billions of dollars to expand its manufacturing footprint in the U.S. and overseas, which we see as a strong vote of confidence in both its current portfolio and future launches. Up next: Palantir, Him's & Hers, Goodyear Tire, Clorox, Coterra Energy, and Diamondback Energy report earnings after Monday's closing bell. On Tuesday morning, we get earnings from Eaton , Pfizer, Shopify, Uber, Spotify, Ferrari, and Norwegian Cruise Line. (See here for a full list of the stocks in Jim Cramer's Charitable Trust, including AMZN, NVDA, HON, SOLS, DD, Q, LLY, ETN.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
|
Clorox
|
https://www.cnbc.com/2025/11/03/2-big-things-were-watching-in-the-stock-market-in-the-week-ahead.html?&qsearchterm=Clorox
|
Here are the 2 big things we're watching in the stock market in the week ahead
| 2025-11-03T00:00:00
|
The week ahead brings the first trading day of November on Monday, after the S & P 500 and Nasdaq ripped higher all throughout October. Jobs data and earnings will dominate our coverage this week. 1. Jobs : The ongoing federal government shutdown, which began on Oct. 1, means Wall Street will not get the Labor Department's monthly employment report. That print is typically released on the first Friday of the month. Instead, investors must rely on economic numbers from private organizations such as ADP, which will release its monthly look on hiring trends at U.S. companies on Wednesday at 8:15 a.m. ET. ADP last week started to release preliminary data every Tuesday to fill that void, offering a four-week moving average of weekly job growth. Last week, ADP said private employers added an average of 14,250 jobs per week over the past four weeks ending on Oct. 11. The next set of preliminary data comes out Tuesday at 8:15 a.m. ET, one session ahead of the ADP's widely-followed national employment report. Economists expect private-sector jobs gains of 35,000 in October compared to 32,000 job losses in the month prior. The preliminary data will be revised monthly after the national report is published. 2. Earnings : Looking at the economy through the prism of corporate financials is our preference anyway, and we remain in the thick of earnings season. After last week's crazy flood of 10 portfolio earnings releases – which included four of our megacap tech stocks: Meta Platforms , Microsoft , Amazon , and Apple – we get four more reports this week, too. DD YTD mountain DuPont YTD DuPont reports third-quarter earnings Thursday morning, a few days after it completes its spinoff of Qnity Electronics. On Monday, Qnity, under the ticker symbol "Q," will start trading as a separate stock from the remaining DuPont, which will keep the ticker "DD." DuPont shareholders of record as of Oct. 22 will get one Qnity share for every two DuPont shares they own. For the Club, that means about 812 shares of Qnity in addition to our 1,625 shares of DuPont. The plan is to hold both, but we like Qnity more. Qnity will offer up a business update after Thursday's close. Most of the Qnity's business comes from providing technology solutions for the semiconductor ecosystem, which has been riding the wave of the artificial intelligence boom. The remaining DuPont will focus on end-markets like health care, water, and diversified industrials. We bought more DuPont shares on Aug. 5, the same day the company reported a strong quarter. ETN YTD mountain Eaton YTD Eaton reports its third-quarter results before Tuesday's opening bell. This maker of power management systems and components does a lot of business with data centers, which are popping up all over the place to support AI applications. In our most recent Eaton trade on Oct. 24, we booked some profits. It was a portfolio management move, rather than a change in thesis. Eaton will keep benefiting from the AI infrastructure trade. We just didn't want to leave money on the table after shares recovered from their post-earnings slump in early August. A below-consensus Q3 guide was what really dinged the stock. On Tuesday, we'll see if that was an under-promise, over-deliver situation. SOLS ALL mountain Solstice Advanced Materials was spun off from Honeywell on Oct. 30 and began trading as a separate stock that day. Solstice Advanced Materials reports earnings Thursday morning. Honeywell's third-quarter earnings report last week contained results from this newly independent specialty chemicals business. Sales increased 7% on a reported basis and 5% organically. The company's update on Thursday will give us a read on what management expects in the fourth quarter of 2025. Hopefully, we'll get some preliminary thoughts on 2026, too. The stock has been volatile since regular trading began last Thursday. Shares briefly traded above $53 mid-day Thursday, but pulled back to $45 apiece on Friday. A lot of this is due to the natural volatility that comes with spinoffs. The company's shareholder base is turning over as investors decide if they want parent Honeywell for its aerospace exposure or a more chemical-focused business. We called out this dynamic in our initial write up of Solstice. As shares settle down, the Club may look for opportunities to add to this tiny position, as well. After all, we like that Solstice has exposure to HVAC, data center cooling, electronics, and nuclear markets. TXRH YTD mountain Texas Roadhouse YTD Texas Roadhouse reports third-quarter earnings after Thursday's close. The restaurant business has been struggling, evidenced by how badly Chipotle stock was crushed on its recent earnings release. The rough sledding in shares of Chili's owner Brinker and Olive Garden parent Darden hasn't help sentiment either. Meanwhile, Bloomin' Brands , the owner of Outback Steakhouse and other casual chains, will report this Thursday. All of these companies are battling food inflation. Beef prices soared to all-time highs two weeks ago. Texas Roadhouse shares went south for most of the recent spike. But the stock did catch a bid when the beef rally paused last month. Curiously, though, Texas Roadhouse shares were able to rise as beef prices hit their mid-October highs. As beef turned lower, however, Texas Roadhouse stock did, too. Texas Roadhouse has been a tricky one. Our latest trade was a buy on Sept. 9, with the stock at the time down since Q2 earnings in early August. But last week, we downgraded shares to a 2 rating . How the steakhouse chain, known for great value at great prices, is handling food inflation and keeping customers happy will be what we care about the most when management shares quarterly results. Week Ahead Monday, Nov. 3 DuPont electronics spinoff Qnity starts trading 10 a.m. ET: ISM manufacturing report for October After the bell earnings: Palantir, Hims & Hers Health, Goodyear, Clorox, Diamondback Energy, Vertex Pharmaceuticals Tuesday, Nov. 4 Auto sales for October 8:15 a.m. ET: ADP private sector weekly preliminary jobs data Before the bell: Eaton, Pfizer, Shopify, Uber, Spotify, BP, Norwegian Cruise Line, Stanley Black & Decker, Hertz After the bell: Advanced Micro Devices, Super Micro Computer, Arista Networks, Cava, Pinterest, Rivian Automotive Wednesday, Nov. 5 8:15 a.m. ET: ADP private sector National Employment Report for October 10 a.m. ET : ISM Services PMI for October Before the bell: Novo Nordisk, McDonald's, Humana, Johnson Controls After the bell: Robinhood Markets, IonQ, AppLovin, AMC Entertainment, Arm Holdings, Qualcomm, Figma, Snap, e.l.f. Beauty, Joby Aviation, DoorDash, Lyft Thursday, Nov. 6 Before the bell: DuPont, ConocoPhillips, D-Wave Quantum, Vistra Energy, AstraZeneca, Warner Bros. Discovery, Bloomin' Brands, Datadog, Kenvue, Moderna, Canada Goose, NRG Energy, EchoStar After the bell: Texas Roadhouse, Trade Desk, MP Materials, DraftKings, NuScale Power, Archer Aviation, Affirm, SanDisk, Airbnb, Block Friday, Nov. 7 10 a.m. ET: University of Michigan consumer sentiment for November Before the bell: Constellation Energy, Canopy Growth, Wendy's, Fluor, Duke Energy, Six Flags, KKR & Co. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
|
FactSet
|
https://www.cnbc.com/2025/11/03/stocks-making-the-biggest-moves-premarket-iren-kenvue-cipher-mining-and-more.html?&qsearchterm=FactSet
|
Stocks making the biggest moves premarket: Iren, Kenvue, Cipher Mining, New Gold and more
| 2025-11-03T00:00:00
|
Check out the companies making headlines before the bell. Iren — The data center company jumped 22% after reaching a deal with Microsoft to provide the software and cloud computing provider with access to Nvidia GB300 GPUs over five years for $9.7 billion. Semiconductor manufacturers — The group advanced after Iren's nearly $10 billion deal to access Nvidia chips, which broadly lifted investor sentiment on semiconductor demand. Nvidia rose nearly 2%, helped by U.S. approval for Microsoft to ship Nvidia chips to the United Arab Emirates. Micron Technology and Advanced Micro Devices advanced roughly 4% and 1%, respectively. ON Semiconductor – ON added more than 3% after third-quarter profit and sales beat analyst estimates. On Semi earned an adjusted 63 cents per share on revenue of $1.55 billion, better than the 59 cents and $1.52 billion that analysts polled by FactSet forecast. Kenvue —The Tylenol and Band-Aid maker rallied 20% after agreeing to be acquired by Kimberly-Clark for $48.7 billion in cash and stock in a deal expected to close in the second half of 2026. Cipher Mining — The developer of data centers for bitcoin mining and artificial intelligence surged 17% after third-quarter results exceeded expectations. Cipher posted a narrower-than-expected loss of 1 cent, better than the loss of 4 cents anticipated by analysts polled by FactSet. Revenue of $71.7 million missed the $77.8 million consensus estimate. New Gold — Shares jumped 9% after Coeur Mining agreed to acquire New Gold in an all-stock deal valued at a 16% premium to New Gold's Friday close. Idexx Laboratories — The veterinary services stock rose 7% after third-quarter revenue of $1.11 billion exceeded the $1.07 billion estimated by analysts polled by FactSet. Idexx also raised its full-year earnings and revenue guidance. Freshpet — The pet food company climbed nearly 7% as third-quarter adjusted earnings before interest, taxes, and amortization of $54.6 million topped the $53 million expected by analysts polled by FactSet. Revenue came in at $288.8 million, above the $283.7 million consensus estimate. Beyond Meat - Shares of the alternative meat company ,which became a meme stock in October, dropped 8% after saying it was delaying its earnings report as it works to calculate the cost of a non-cash impairment charge. Palantir — Shares of the developer of data software platforms rose about 3% ahead of third quarter earnings results , scheduled for release after the close Monday. Cisco Systems — The maker of networking hardware and telecom equipment added more than 1% after UBS upgraded the stock to buy from neutral , citing a "multi-year growth cycle driven by AI infrastructure demand, a large-scale Campus refresh cycle, and momentum in Security." Eaton Corp. – The industrial stock fell more than 1% after agreeing to acquire Boyd Thermal for $9.5 billion in a deal expected to close in the second quarter of 2026. — CNBC's Sarah Min, Sean Conlon, Fred Imbert, Lisa Han, Michelle Fox Theobald, Spencer Kimball and John Melloy contributed reporting
|
FactSet
|
https://www.cnbc.com/2025/11/03/stocks-making-the-biggest-moves-midday-amzn-adea-kvue-iren.html?&qsearchterm=FactSet
|
Stocks making the biggest moves midday: Amazon, Adeia, Kenvue, Iren & more
| 2025-11-03T00:00:00
|
Check out the companies making the biggest moves midday: Ares Management — The private equity investment firm rose more than 6% on a better-than-expected profit for the third quarter. Ares reported after-tax realized income per share of $1.19, beating a FactSet estimate of $1.15 per share. The stock was on pace for its best day since April 9, when it surged 15.5%. Adeia — The tech licensing company fell 17% after it sued AMD for patent infringement over its semiconductor technology. "For years, AMD's products have incorporated and made extensive use of Adeia's patented semiconductor innovations, which have greatly contributed to their success as a market leader. After prolonged efforts to reach a mutually agreeable resolution without litigation, we believe this step was necessary to defend our intellectual property from AMD's continued unauthorized use," Adeia CEO Paul Davis said in a statement . Kontoor Brands — The outdoor apparel maker fell 8% on weaker-than-expected fourth-quarter earnings guidance. The company sees Q4 earnings around $1.64 per share, while analysts expect a profit of $1.68 per share, per FactSet. Shutterstock — The stock photo provider fell 10% as UK regulators moved to launch a phase 2 investigation into the company's $3.7 billion merger with Getty Images. Amkor Technology — The provider of semiconductor packaging and test services climbed 15% after cutting the size of its board of directors and saying John Liu had resigned from the board and would become the executive vice president for corporate development and strategy instead. Amazon — Amazon stock jumped about 4.4% after ChatGPT maker OpenAI signed a $38 billion deal with the company's cloud business, Amazon Web Services. It also said it will immediately tap hundreds of thousands of Nvidia's graphics processing units with plans to expand capacity over coming years. Iren — The data center company gained 6.7% after reaching a deal with Microsoft to provide the software and cloud computing provider with access to Nvidia GB300 GPUs over five years for $9.7 billion. Semiconductor manufacturers — The group advanced after Iren's nearly $10 billion deal to access Nvidia chips, which broadly lifted investor sentiment on semiconductor demand. Nvidia rose 3.8%, helped by U.S. approval for Microsoft to ship Nvidia chips to the United Arab Emirates. Micron Technology advanced 5.6%. Kenvue —The Tylenol and Band-Aid maker rallied 15% after agreeing to be acquired by Kimberly-Clark for $48.7 billion in cash and stock in a deal expected to close in the second half of 2026. Cipher Mining — The developer of data centers for bitcoin mining and artificial intelligence surged 13% after third-quarter results exceeded expectations. Cipher posted a narrower-than-expected loss of 1 cent, better than the loss of 4 cents anticipated by analysts polled by FactSet. Revenue of $71.7 million missed the $77.8 million consensus estimate. Idexx Laboratories — The veterinary services stock rose 13% after third-quarter revenue of $1.11 billion exceeded the $1.07 billion estimated by analysts polled by FactSet. Idexx also raised its full-year earnings and revenue guidance. Freshpet — The pet food company climbed 13% as third-quarter adjusted earnings before interest, taxes, and amortization of $54.6 million topped the $53 million expected by analysts polled by FactSet. Revenue came in at $288.8 million, above the $283.7 million consensus estimate. Beyond Meat - Shares of the alternative meat company ,which became a meme stock in October, dropped 12% after saying it was delaying its earnings report as it works to calculate the cost of a non-cash impairment charge. Palantir — Shares of the developer of data software platforms rose 2% ahead of third quarter earnings results , scheduled for release after the close Monday. Cisco Systems — The maker of networking hardware and telecom equipment added more than 1% after UBS upgraded the stock to buy from neutral , citing a "multi-year growth cycle driven by AI infrastructure demand, a large-scale Campus refresh cycle, and momentum in Security." — CNBC's Sarah Min, Sean Conlon, Liz Napolitano, Scott Schnipper, Lisa Han, Michelle Fox Theobald, Spencer Kimball and John Melloy contributed reporting.
|
FactSet
|
https://www.cnbc.com/2025/11/03/stocks-from-palantir-to-snap-could-see-big-swings-on-earnings-this-week.html?&qsearchterm=FactSet
|
Stocks from Palantir to Snap could see big swings on earnings this week
| 2025-11-03T00:00:00
|
Several companies scheduled to report earnings this week could see their stocks soar or in price, or slump, based on current options trading on their shares. This earnings season has seen strong momentum, with more than 80% of companies reporting their financial results posting better-than-expected revenue or earnings per share for the third quarter, FactSet data shows. But dozens of Big Tech, retail and pharmaceutical companies report their earnings this week, and their results could make their stocks volatile. To anticipate some of those moves, CNBC Pro screened for stocks that are expected to see the largest options-implied move in the week ahead. The moves were determined by taking 85% of the total premium of an at-the-money straddle and calculating the resulting price movement. Here are two of the stocks that could make outsized moves. Palantir The software stock is expected to gain or lose as much as 8.9% after it posts its earnings results Monday after the market close. Analysts estimate Palantir will clock $1.09 billion in revenue and earnings of 17 cents per share in the third quarter, FactSet data shows. Shares of the company have surged over the past year as President Trump's administration has ramped up its surveillance of Americans , using Palantir's technology. In August, the firm signed a $10 billion, 10-year contract with the U.S. Army. Palantir stock has soared nearly 400% in the past 12 months. Snap The social media company could move as much as 13.8% in either direction after Snap posts its earnings results on Wednesday. Wall Street estimates Palantir will book earnings of 12 cents per share on revenue of $1.49 billion in the third quarter, according to FactSet data. The stock has fallen 28% this year, largely due to declining user numbers amid mounting competition from rivals such as Meta Platforms , which owns Instagram. Snap shares have plunged an even steeper 38% over the past 12 months, and is down 9% in the past month alone.
|
Invesco
|
https://www.cnbc.com/video/2025/11/03/markets-suggest-a-continued-drift-and-chase-higher-says-newedge-wealths-cameron-dawson.html?&qsearchterm=Invesco
|
Markets suggest a continued drift and chase higher, says NewEdge Wealth's Cameron Dawson
| 2025-11-03T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Markets suggest a continued drift and chase higher, says NewEdge Wealth's Cameron Dawson
Trivariate’s Adam Parker, NewEdge Wealth’s Cameron Dawson and Invesco’s Brian Levitt join 'Closing Bell' to discuss the latest news affecting markets.
|
Amazon
|
https://www.cnbc.com/2025/11/04/amazon-building-fastnet-its-first-solo-subsea-cable-project.html?&qsearchterm=Amazon
|
Amazon's new subsea internet cable Fastnet will have the capacity to stream 12.5 million HD movies simultaneously
| 2025-11-04T00:00:00
|
Amazon is building a subsea fiber-optic cable called Fastnet to connect Maryland's Eastern shore to County Cork, Ireland, in what will be the company's first wholly-owned subsea cable project.
Subsea fiber-optic communication cables carry over 95% of international data and voice traffic across the globe. These cables transmit hundreds of terabits of data per second including government communications, financial transactions, email, video calls and streaming.
Amazon has invested in several subsea cable projects in the past, including Jako, Bifrost and Havfrue as part of a consortium, but Fastnet is the first time that the tech company undertakes one of these projects alone.
"Subsea is really essential for for AWS and for any connectivity internationally across oceans," Matt Rehder, Amazon Web Services vice president of core networking, told CNBC in an interview about Amazon's subsea cable investments.
"Without subsea you'd have to rely on satellite connectivity which can work," he said. "But satellite has higher latency, higher costs and you just can't get enough capacity or throughput to what our customers and the internet in general needs."
Amazon says that Fastnet's capacity will exceed 320 terabits per second, which is equivalent to streaming 12.5 million HD movies simultaneously. The company is building this cable to meet rising demand for cloud computing, artificial intelligence and edge applications that use Amazon Web Services.
Fastnet will also strengthen Amazon's network resilience. Amazon did not say how much Fastnet would cost to construct, but the company said it expects it to be operational by 2028. Other technology giants including Google, Meta and Microsoft have also been investing in subsea cable infrastructure.
WATCH: Amazon’s biggest AI data center is now operational in Indiana, powering Anthropic without Nvidia
|
Amazon
|
https://www.cnbc.com/2025/11/04/perplexity-ai-amazon-bullying-comet-browser.html?&qsearchterm=Amazon
|
Perplexity AI accuses Amazon of bullying with legal threat over Comet browser
| 2025-11-04T00:00:00
|
Aravind Srinivas, chief executive officer of Perplexity AI Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 5, 2025.
Perplexity AI accused Amazon of "bullying" on Tuesday after it received a letter from the e-commerce giant demanding it prevent people from using its artificial intelligence browser Comet to make purchases on their behalf.
In a blog post, Perplexity said users can ask its Comet Assistant to find items and make purchases on Amazon, and that they "love this experience." But Perplexity said it received "an aggressive legal threat" from Amazon "demanding" that it put a stop to that practice.
Amazon has already taken steps in recent months to prevent external AI agents from crawling its website, including those developed by OpenAI, Google and Meta .
"Amazon should love this. Easier shopping means more transactions and happier customers. But Amazon doesn't care," Perplexity wrote. "They're more interested in serving you ads, sponsored results, and influencing your purchasing decisions with upsells and confusing offers."
Amazon said in a blog post that third-party shopping agents should operate openly and "respect service provider decisions" on whether or not to participate.
The company said Perplexity wasn't operating transparently and is evading the company to gain unauthorized access to its store.
It also argued that Perplexity's agents degrade the Amazon shopping experience by showing products that don't broaden discovery, lack personalized recommendations and may not be the fastest delivery speed available to shoppers.
|
Amazon
|
https://www.cnbc.com/2025/11/04/i-got-laid-off-from-a-dream-role-at-amazonbut-i-am-so-much-more-than-my-job.html?&qsearchterm=Amazon
|
I got laid off from a 'dream role' at Amazon the week before my birthday—but 'I am so much more than my job'
| 2025-11-04T00:00:00
|
When I picked up my phone last Tuesday morning, two messages caught my attention. One from a colleague said she'd been laid off, and another from HR asked me to check my personal email. My throat tightened. I found myself among the 14,000 corporate employees laid off by Amazon. I had just celebrated my one-year anniversary as a senior social media manager at Amazon Ads and it was exactly a week before my birthday. Talk about timing. My immediate reaction was disbelief. Was I still dreaming? Was the email spam? Even though there were rumors about layoffs the day before, everything had seemed relatively normal. I was busy preparing for an event in mid-November. I guess I won't be going to that one. I called my partner and parents to tell them the news. They were supportive but also recognized the weight of the situation more than I could in the moment. It still hadn't hit me. Where do you even start when there are hundreds of feelings?
Losing a dream role
My job at Amazon had been somewhat of a dream role, a signal to myself that I had "made it" in the corporate world. In college at Wharton, many of my high-achieving classmates chased "FAANG" jobs (Facebook/Meta, Amazon, Apple, Netflix, Google/Alphabet), and as a marketing major, I felt even more driven to prove I'd stack up.
Courtesy of Lea Chen
When I landed my job at Amazon, I felt like I had achieved that. And not only did I relish in the title, but I also enjoyed the work. From interviewing celebrities on the red carpet to traveling to my first Cannes Lions in France, the opportunities were exciting and meaningful. As a daughter of immigrant parents, the prestige of working at a globally recognizable company felt like a testament to their sacrifices. Their hard work had helped me reach a milestone we could all be proud of. Even my grandma knew what Amazon was because of the packages on our doorstep. That felt like the ultimate proof that I'd "made" it.
'I am so much more than my job'
While I worked at Amazon, I was already a part-time content creator on the side, highlighting Asian restaurants and affordable NYC recommendations. So when the layoff hit, I turned to that passion and challenged myself to make at least two videos a day. There is immense stigma around layoffs, and I quickly realized how important it was to control my own narrative. I've posted every day since in a series I've titled "Lea After Layoff," sharing my reflections as I cope and search for silver linings. I've spent these first few days savoring solo bowls of pho in Chinatown and meeting my dad and sister for a weekday lunch in Koreatown. I've visited a new part of New York City every day and gone on runs across boroughs with my super mutt, Arlo. These are the moments that make me who I am — the proud Chinese-American gal with the bottomless appetite for world travels and Asian eats — not the company I work for or the job title on my LinkedIn profile. Within just a few days, I've affirmed that I am so much more than my job. I couldn't have guessed how much my real-time layoff processing would resonate with others. With over a million views across my videos, I've heard from fellow Amazon employees who were also laid off as well as internet strangers rooting me on. There has been an overwhelming sense of community.
Soaking in the present, planning for the future
Reflecting on the past year, I feel immense gratitude for the professional growth, the inspiring colleagues, the projects that challenged me, and for the opportunity to live out a corporate dream.
Courtesy of Lea Chen
|
Amazon
|
https://www.cnbc.com/2025/11/03/cramer-amazons-openai-cloud-deal-puts-an-exclamation-point-on-a-remarkable-few-days.html?&qsearchterm=Amazon
|
Cramer: Amazon-OpenAI cloud deal puts an exclamation point on a remarkable few days
| 2025-11-03T00:00:00
|
Amazon went from "Magnificent Seven" zero to hero in a matter of days. First, it was blowout earnings on Thursday night, followed by a 9.6% stock surge the next day. Then, on Monday, it was a big cloud deal with OpenAI, and the stock soared another 4.5%. Amazon came into last week's earnings print as the worst-performing Mag 7 stock in 2025. Now, it is up more than 16% year to date and hitting another all-time high Monday. AMZN 5D mountain Amazon performance over 5 sessions "Amazon just completely refuted" concerns about slowing growth in its cloud unit, Amazon Web Services, Jim Cramer said Monday on " Squawk on the Street ," shortly after it was announced that Amazon secured a $38 billion commitment from OpenAI to use AWS cloud infrastructure for additional computer power. The partnership signals that the ChatGPT creator is no longer relying solely on Microsoft's cloud service, Azure. Under the deal, OpenAI will immediately begin running workloads on AWS, tapping hundreds of thousands of Nvidia graphics processing units (GPUs) across U.S. data centers. It will begin with existing capacity, then expand over time, with AWS planning to build out new infrastructure specifically for OpenAI. "This deal is very exciting," Jim said, adding that AWS is "no longer a pitiful helpless giant versus everybody else." AWS growth went to 20% in the latest quarter from 17.5% in the prior period. "Let's just take that growth rate even more," predicted Jim, who has been saying for weeks that he believed in Amazon CEO Andy Jassy and was standing by the stock. Amazon emphasized their own chips, but "a lot of it is because they have so much Nvidia compute," Jim said Monday during the Morning Meeting for Club members. AWS already owns a huge number of Nvidia chips — the specialized processors that power AI models like ChatGPT. These chips, known as GPUs, are what make it possible to train and run massive AI systems quickly. Normally, we would trim Amazon on such a two-session rally. But this AI boom is different, as Jim wrote in my Sunday column. The Mag 7 can't be thought of as a cohort. We must treat each one as its own story. Jim said the "Mag 7 is too much of the market, get out" is a money-losing, false narrative, which was certainly playing out Monday. While the AWS deal is smaller, as if $38 billion is small in this age of AI spending, it underscores that OpenAI is heading toward a multi-cloud future. Until January, Microsoft was OpenAI's exclusive cloud partner. That later shifted to a right of first refusal, which expired last week. Microsoft reaffirmed its role in the newly recapitalized OpenAI with a $250 billion commitment from OpenAI to keep scaling on Azure. OpenAI has also signed cloud deals with Google and Oracle. The timing of the AWS deal comes as Amazon doubles down on expanding cloud capacity. During Amazon's third-quarter earnings call last week, the company said it has been focused on accelerating capacity for AWS, noting that it's on track to double its overall capacity by the end of 2027. This capacity consists of power, data center, and chips, primarily its custom silicon, Trainium, and Nvidia. (Jim Cramer's Charitable Trust is long AMZN, NVDA, MSFT. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
|
Amazon
|
https://www.cnbc.com/2025/11/03/open-ai-amazon-aws-cloud-deal.html?&qsearchterm=Amazon
|
Amazon closes at record after $38 billion OpenAI deal with AWS
| 2025-11-03T00:00:00
|
In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNT
watch now
OpenAI has signed a deal to buy $38 billion worth of capacity from Amazon Web Services, its first contract with the leader in cloud infrastructure and the latest sign that the $500 billion artificial intelligence startup is no longer reliant on Microsoft . Under the agreement announced on Monday, OpenAI will immediately begin running workloads on AWS infrastructure, tapping hundreds of thousands of Nvidia's graphics processing units (GPUs) in the U.S., with plans to expand capacity in the coming years. Amazon stock closed 4% higher on Monday, a record closing high for the stock. The e-commerce giant is up 14% over the last two trading days, the best two-day period since Nov 2022. The first phase of the deal will use existing AWS data centers, and Amazon will eventually build out additional infrastructure for OpenAI. "It's completely separate capacity that we're putting down," said Dave Brown, vice president of compute and machine learning services at AWS, in an interview. "Some of that capacity is already available, and OpenAI is making use of that."
OpenAI has been on a dealmaking spree of late, announcing roughly $1.4 trillion worth of buildout agreements with companies including Nvidia, Broadcom , Oracle and Google — prompting skeptics to warn of an AI bubble and question whether the country has the power and resources needed to turn the ambitious promises into reality. Until this year, OpenAI had an exclusive cloud agreement with Microsoft, which first backed the company in 2019 and has invested a total of $13 billion. In January, Microsoft said it would no longer be the exclusive cloud provider for OpenAI, and was moving to an arrangement where it would have right of first refusal for new requests. Last week, Microsoft's preferential status expired under its newly negotiated commercial terms with OpenAI, freeing the ChatGPT creator to partner more widely with the other hyperscalers. Even before that, OpenAI forged cloud deals with Oracle and Google , but AWS is by far the market leader.
watch now
"Scaling frontier AI requires massive, reliable compute," OpenAI CEO Sam Altman said in Monday's release. "Our partnership with AWS strengthens the broad compute ecosystem that will power this next era and bring advanced AI to everyone." OpenAI will still be spending heavily with Microsoft, reaffirming that commitment by saying last week that it will purchase an incremental $250 billion of Azure services.
watch now
For Amazon, the pact is significant both in the size and scale of the deal itself and because the cloud giant has close ties to OpenAI rival Anthropic. Amazon has invested billions of dollars in Anthropic, and is currently constructing an $11 billion data center campus in New Carlisle, Indiana, that's designed exclusively for Anthropic workloads. "The breadth and immediate availability of optimized compute demonstrates why AWS is uniquely positioned to support OpenAI's vast AI workloads," AWS CEO Matt Garman said in the release. In its earnings report last week, Amazon reported more than 20% year-over-year revenue growth at AWS, beating analyst estimates. But growth was faster at Microsoft and Google, which reported cloud expansion of 40% and 34%, respectively.
Starting on Nvidia
The current agreement with OpenAI is explicitly for use of Nvidia chips, including two popular Blackwell models, but there's potential to incorporate additional silicon down the road. Amazon's custom-built Trainium chip is being used by Anthropic in the new facility. "We like Trainium because we're able to give customers something that gives them better price performance and honestly gives them choice," Brown said, adding that he can't provide any details on "anything we've done with OpenAI on Trainium at this point." The infrastructure will support both inference — such as powering ChatGPT's real-time responses — and training of next-generation frontier models. OpenAI can expand with AWS as needed over the next seven years, but no plans beyond 2026 have been finalized.
OpenAI CEO Sam Altman (L) shakes hands with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at the Seattle Convention Center Summit Building in Seattle, Washington, U.S., on May 21, 2024. Jason Redmond | Afp | Getty Images
OpenAI's foundation models, including so-called open-weight options, are already available on Bedrock, AWS's managed service for accessing leading AI systems. Companies including Peloton , Thomson Reuters , Comscore , and Triomics use OpenAI models on AWS for tasks ranging from coding and mathematical problem solving to scientific analysis and agentic workflows. Monday's announcement establishes a more direct relationship. "As part of this deal, OpenAI is a customer of AWS," Brown said. "They've committed to buying compute capacity from us, and we're charging OpenAI for that capacity. It's very, very straightforward." For OpenAI, the most highly valued private AI company, the AWS agreement is another step in getting ready to eventually go public. By diversifying its cloud partners and locking in long-term capacity across providers, OpenAI is signaling both independence and operational maturity. Altman acknowledged in a recent livestream that an IPO is "the most likely path" given OpenAI's capital needs. CFO Sarah Friar has echoed that sentiment, framing the recent corporate restructuring as a necessary step toward going public. WATCH: AWS CEO Matt Garman on Amazon's massive new AI data center for Anthropic
|
Amazon
|
https://www.cnbc.com/video/2025/11/03/openai-bets-on-nvidia-and-amazon-in-new-cloud-deal.html?&qsearchterm=Amazon
|
OpenAI bets on Nvidia and Amazon in new cloud deal
| 2025-11-03T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
OpenAI bets on Nvidia and Amazon in new cloud deal
CNBC's MacKenzie Sigalos reports on OpenAI’s first-ever compute deal with Amazon Web Services, choosing Nvidia chips over in-house options as it ramps up infrastructure beyond Microsoft Azure and Google Cloud.
|
Amazon
|
https://www.cnbc.com/video/2025/11/03/amazon-hits-new-record-high-after-partnering-with-openai.html?&qsearchterm=Amazon
|
Amazon hits new record high after partnering with OpenAI
| 2025-11-03T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Amazon hits new record high after partnering with OpenAI
CNBC's MacKenzie Sigalos reports on Amazon’s record-setting rally after signing a $38 billion cloud deal with OpenAI.
|
Amazon
|
https://www.cnbc.com/video/2025/11/03/openai-signs-38b-infrastructure-deal-with-amazon-web-service.html?&qsearchterm=Amazon
|
OpenAI signs $38B infrastructure deal with Amazon Web Service
| 2025-11-03T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
OpenAI signs $38B infrastructure deal with Amazon Web Service
CNBC's MacKenzie Sigalos joins 'Squawk on the Street' with breaking details on a new deal between OpenAI and Amazon.
|
Amazon
|
https://www.cnbc.com/2025/11/04/amazon-backed-evtol-beta-opens-on-new-york-stock-exchange-after-ipo.html?&qsearchterm=Amazon
|
Amazon-backed eVTOL company Beta Technologies closes up nearly 6% in NYSE debut
| 2025-11-04T00:00:00
|
Kyle Clark, Founder & CEO of Beta Technologies rings the Opening Bell at the New York Stock Exchange on Nov. 4, 2025.
Beta Technologies, an electric aircraft company, closed up nearly 6% at $36 a share in its New York Stock Exchange debut on Tuesday.
On Monday, the company priced shares in its IPO at $34 each, above its expected range of $27 to $33. Beta said it sold 29.9 million shares, raising over $1 billion in a deal valuing the company at about $7.4 billion.
Beta's IPO marks a major test for the small but competitive electric vertical takeoff and landing (eVTOL) industry that's been vying for approval from the Federal Aviation Administration. The nascent market is currently led by the likes of Joby Aviation and Archer Aviation , and proponents say the technology can ease air traffic congestion.
In Beta's IPO prospectus, the company names Archer as one of its customers for its ground support equipment, which mostly consists of chargers. Beta says its chargers are installed in 51 U.S. locations.
However, the business is currently very small. During the first half of the year, Beta said its net loss widened to $183.2 million from from $137.1 million in the year-ago period. Revenue more than doubled to $15.6 million from $7.6 million a year ago. Beta was founded in 2017.
Founder and CEO Kyle Clark, who is also a test pilot for Beta, told CNBC on Tuesday that aircrafts are currently conducting certain "back end" missions for the U.S. military. He said he expects the company to achieve full FAA certification for commercial operations in about 30 months
Clark said the company needed to demonstrate success in production and operations and a pipeline of back orders to offer "fundamental business reasons to walk into the public markets."
Beta is going public during a prolonged government shutdown that started at the beginning of October. The Securities and Exchange Commission is operating with a limited staff.
Still, Clark said the company decided to "keep the train on the rails" and proceed during the shutdown.
Amazon and General Electric are two of the company's leading investors, with stakes of 10.2% and 6.3%, respectively, before the IPO. GE Aerospace said in September it was making a $300 million in Beta. Amazon first invested in 2021 out of its Climate Pledge Fund, part of an effort to "reach net-zero carbon by 2040."
Shares of eVTOL competitor Joby and Archer fell 9% and 6%, respectively. Both companies have roughly tripled in value over the last year.
WATCH: Beta Technologies CEO on the company's market debut
|
Broadcom
|
https://www.cnbc.com/2025/11/04/broadcom-is-a-top-pick-thanks-to-accelerating-demand-from-hyperscalers-says-jefferies.html?&qsearchterm=Broadcom
|
Broadcom is a top pick thanks to accelerating demand from hyperscalers, says Jefferies
| 2025-11-04T00:00:00
|
Broadcom could rally from here as hyperscaler demand continues to increase, according to Jefferies. The bank reiterated its buy rating on the semiconductor stock and named it as a top pick. The bank also raised its price target to $480 per share from $415. Analyst Blayne Curtis' updated price target represents upside of 32% from the stock's Monday close. "While NVDA remains the leader and we still see upside there, AVGO has a greater magnitude of estimate upside as Google, Meta, and OAI ASICs ramp," the analyst wrote. "Google has long been the main ASIC customer for AVGO but those volumes should become much more meaningful in C26/27." AVGO YTD mountain AVGO YTD chart Curtis added that the amount of tokens Google process per month has risen to 1,300 trillion in October from 480 trillion April of this year. This should accelerate even more as the demand for artificial intelligence continues to grow. This "significant upside" caused the bank to make Broadcom its top pick, with Jefferies estimating $60 billion in revenue upside in 2027. "Google continues to drive the majority of this upside, but Meta and OpenAI start to layer in material volumes as well," Curtis wrote. "We expect there could be even more upside to the TPU estimates with GOOG token usage continuing to climb and Anthropic using the TPU as well." Shares of Broadcom have surged 56% this year.
|
Broadcom
|
https://www.cnbc.com/2025/11/04/tuesday-analyst-calls-with-stocks-like-nvidia.html?&qsearchterm=Broadcom
|
Here are Tuesday's biggest analyst calls of the day: Nvidia, Apple, CoreWeave, Broadcom, Tesla, Amazon & more
| 2025-11-04T00:00:00
|
Here are Tuesday's biggest calls on Wall Street: Bank of America reiterates Apple as buy The firm said it's sticking with Apple after checks show App Store revenue grew . "For the month of October, App store rev increased +8.8% y/y globally, outpacing app store download growth of +0.4% y/y. Reiterate Buy on strong capital returns, eventually winner at AI at the edge & optionality from new products/markets. PO stays at $325 on 32x C27E EPS of $10.11." Barclays reiterates Tesla as equal weight Barclays called the Tesla shareholder vote later this week "critical." "Tesla's upcoming Annual Shareholder Meeting will be a critical event, with two key votes on Elon's compensation meant to solidify the potential path to his desired ~25% ownership." Bank of America reiterates Palantir as buy Bank of America says Palantir is best positioned for AI following earnings on Monday. "We reiterate our Buy rating and raise our PO to $255 (from $215) which reflects our confidence in PTLR's enduring position and better than expected growth on a 15x EV/EBITDA on 2035E." Read more . Evercore ISI downgrades Kimberly-Clark to in line from outperform Evercore said it likes the company's deal for Kenvue but that it's still concerned about rising competition. "Strategically, Kimberly made an opportunistic and gutsy move, which alters KMB shares' story and changes the firm's earnings power, growth potential, competitive sets, and geographic scope." Jefferies reiterates Broadcom and Nvidia as buy Jefferies said Broadcom has "estimate upside" and raised its price target on the stock to $480 per share from $415. The firm also raised its price target on Nvidia to $240 per share from $220. "AVGO moves back to our Top Pick and designate Franchise Pick based on outsized upside relative to estimates." Read more. Wells Fargo upgrades Knife River to overweight from equal weight Wells said buy the dip on the construction materials company. "We upgrade KNF to Overweight from Equal Weight after significant underperformance to peers in recent wks." Wells Fargo upgrades Inspire Medical to overweight from equal weight Wells said it's getting more bullish on the med tech company. "We are upgrading INSP shares to OW from EW following a clean Q3 print & reset of 2026 outlook." Jefferies upgrades Red Rock Resorts to buy from hold Jefferies said the casino company is too attractive to ignore. "RRR edged past sellside estimates by ~3%, but buyside expectations were higher, resulting in the shares selling off by 10% for the week." Baird upgrades WM to outperform from neutral Baird said buy the dip in the waste management company. "With shares significantly underperforming YTD and risk/reward compelling, we are upgrading WM to Outperform." Mizuho reiterates Amazon as buy The firm raised its price target on the stock and says it likes Amazon's deal with OpenAI. "We reiterate our Outperform rating and increase our PT to $315 (from $300 prev) reflecting higher multiples on increased confidence post the 3Q print / commentary / OpenAI deal." Citi reiterates CoreWeave as buy Citi raised its price target on the stock to $192 per share from $164. "In the near term, we see CRWV as one of the larger AI beneficiaries across our coverage." TD Cowen upgrades Napco Security to buy from hold TD Cowen upgrades the security services company following earnings. " NAPCO began its fiscal year with strong results virtually across the board." Bank of America downgrades DraftKings to neutral from buy Bank of America said it sees a slew of negative catalysts for the gaming and gambling company. "We are downgrading shares of DraftKings to Neutral. Why now? 1) sports outcomes in Q3 and Q4 again raise concerns around volatility and long-term earnings power, 2) DKNG has underperformed in iGaming, 3) state tax headwinds are unlikely to go away, and 4) the prediction markets present a challenging narrative near-term."
|
Netflix
|
https://www.cnbc.com/2025/11/04/netflix-kpop-demon-hunters-korean-music-politics.html?&qsearchterm=Netflix
|
'KPop Demon Hunters' is boosting more than just Netflix: Korean music, politics ride the craze
| 2025-11-04T00:00:00
|
At South Korea's largest amusement park, crowds of people wait for hours to be a part of the "KPop Demon Hunters" craze.
U.S. streaming giant Netflix, the distributor of the Sony Pictures Animation film, has collaborated with the Everland park outside of the capital city Seoul to create a themed zone featuring whack-a-mole, dance games and snacks from the movie.
It's the latest iteration of the "KPop Demon Hunters" frenzy as the film takes Netflix by storm — and delivers a boost to the $10 billion K-pop music industry along with it.
Netflix said in August that "KPop Demon Hunters" had become the most popular Netflix film ever. In October, the streamer said "KPop Demon Hunters" had exceeded 325 million views.
The company has sought to capitalize on the popularity, offering two limited-window theatrical screenings for the film and striking consumer product deals with Hasbro and Mattel to get "KPop Demon Hunters" toys and merch on shelves.
Agnes Lee helped cast the movie and scout locations from Seoul as an associate producer for the film.
"K-pop and K-culture was such a huge and important part of this movie," Lee told CNBC in Seoul. "We wanted to be authentic."
Once popular mainly in Asia, K-pop music has become a global phenomenon. Artists like PSY, who shot to international stardom in 2012 with his viral music video "Gangnam Style," put an international spotlight on K-pop. PSY's hit song became YouTube's most-watched video that year.
Since then, other K-pop acts have run up impressive numbers, too. BTS' song "Dynamite" has exceeded 2 billion streams on Spotify . BLACKPINK's 2023 tour became the highest-grossing by a female group on record, according to stats at the time from Touring Data.
Now, even "KPop Demon Hunters'" fictional bands are topping the global music charts.
|
Costco
|
https://www.cnbc.com/video/2025/11/04/parikh-costco-offers-the-best-value-proposition-across-retail.html?&qsearchterm=Costco
|
Parikh: Costco offers the best value proposition across retail
| 2025-11-04T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Parikh: Costco offers the best value proposition across retail
Rupesh Parikh, Managing Director & Senior Analyst at Oppenheimer, says Costco, Walmart and Ulta stand out as resilient retailers offering value and momentum amid inflation and weak consumer sentiment.
|
Costco
|
https://www.cnbc.com/2025/11/03/monday-stocks-from-analyst-calls-like-nvidia.html?&qsearchterm=Costco
|
Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Roku, Cisco Sytstems, Palantir, Costco & more
| 2025-11-03T00:00:00
|
Here are Monday's biggest calls on Wall Street: Wells Fargo reiterates JPMorgan as overweight Wells raised its price target on the stock to $350 per share from $345. " JPM is a best-in-class global bank based on returns, market share gains, and ability to invest for organic growth." UBS upgrades Cisco to buy from neutral UBS said the stock is firing on all cylinders. "We upgrade Cisco to Buy based on a multi-year growth cycle driven by AI infrastructure demand, a large-scale Campus refresh cycle, and momentum in Security." Read more. Goldman Sachs initiates Alliance Laundry Holdings as buy Goldman said the commercial laundry company is best positioned. "We believe Alliance' s well-established track record of innovation, quality and durability in the resilient commercial laundry industry should allow it to capture macro, industry and secular shifts across end-markets." UBS initiates Solstice Advanced Materials as buy UBS said the specialty chemical company has a "unique" collection of businesses. "We initiate coverage on Solstice (SOLS) with a Buy rating and $62 Price target." Stifel initiates Intuitive Machines as buy Stifel said the company is best positioned in the race to get back to the moon. "We are initiating coverage of Intuitive Machines, Inc. (LUNR) with Buy recommendation. Our PT of $18 supports more than 50% upside." Oppenheimer names Costco a top pick The firm said investors should buy the dip. "Following the recent re-rating in shares and with the company moving closer to lapping the most difficult comparisons, we are adding COST back to our top pick ranking." Deutsche Bank reiterates Tesla as buy Deutsche raised its price target on Tesla ahead of the shareholder vote later this week. "We raise our price target by $30 to $470, still based on multi-modal SOTP framework but incorporating higher estimates for robotaxi; reiterate Buy rating." Morgan Stanley initiates Phoenix Education Partners as overweight Morgan Stanley said it sees an "attractive opportunity" for the education company. " PXED is returning to public markets leaner with a clear focus on student outcomes." Jefferies initiates DT Midstream as buy Jefferies said the nat gas pipeline company is a growth store. " DTM is pricey on near-term metrics but 'grows into' its valuation with Upper Midwest & Haynesville pipeline & gathering exposure." Citi upgrades Aon to buy from neutral Citi said the risk/rewards is too attractive to ignore at current levels for the insurance company. "We are upgrading the shares of AON to Buy from Neutral to reflect improved risk-reward (18% potential upside to our price target)." RBC upgrades Kilroy Realty to outperform from sector perform RBC said it's getting more bullish on the real estate investment trust. "We are encouraged that KRC cleared its near-term hurdles and should benefit more from the SF office recovery leading us to upgrade to Outperform." Bank of America upgrades Westlake to buy from neutral The firm upgraded the stock following earnings and says buy the dip. " WLK r eported 3Q adj EBITDA of $333mm a miss vs. the $375mm consensus." Piper Sandler upgrades Roku to overweight from neutral Piper upgrades Roku following earnings. "We're more confident the momentum continues into '26. The better profitability & shareholder returns helps. As such, we upgrade to OW from N, PT to $135." Read more. Raymond James upgrades Edwards Lifesciences to outperform from market perform The firm said it sees a slew of growth opportunities for the life sciences company. "We are upgrading EW to Outperform (from Market Perform) as we see fewer reasons to be neutral, and believe there are various opportunities for better growth, which should drive multiple expansion." Jefferies reiterates Apple as hold Jefferies said its checks show robust demand for Apple's iPhone remains. "Our tracking shows no delivery lead time for 17 Air/17 Pro in all six markets that we track, same as the previous week. It is mixed for 17 PM as the lead time dropped sequentially by 6/13 days in China/Germany, but rose by ~4 days in HK/US." Raymond James upgrades Universal Health Service to outperform from market perform Raymond James upgraded the health services stock following earnings. "We are upgrading shares of Universal Health Services ( UHS) from Market Perform to Outperform, following 3Q results that were above company guidance and consensus forecasts and are establishing a new price target of $270/share..." Rothschild & Co Redburn initiates Halliburton and Schlumberger as buy The firm said shares of both oil services company's are compelling. "Given an undemanding valuation starting point, we expect this to drive share price outperformance and launch coverage of SLB and Halliburton at Buy." Evercore ISI upgrades Ecolab to outperform from in line Evercore said it sees 2026 momentum for the chemicals company. " ECL is one of the few businesses in Chemicals with momentum into 2026. " Loop reiterates Nvidia as buy Loop said it's getting even more bullish and raised its price target on the stock. "Reiterating our Buy and raising our PT to $350 (from $250) as our work suggests NVDA is about to begin a ramp of GPU that will essentially double its unit shipments the next 12-15 months..." Read more. Wells Fargo upgrades Antero Resources to overweight from equal weight Wells said it sees a slew of positive catalysts ahead for the hydrocarbon company., "Upgrading AR to OW with a $39 target as we see underappreciated commercial opportunities in the South, supplementing a favorable gas macro. We see potential catalysts in 1) 2026 capex clarity; 2) datacenter projects; 3) other gas supply deals." Wedbush reiterates Palantir as outperform Wedbush said it's bullish heading into the company's earnings report. "We are raising our price target on Palantir to $230 from $200 as we believe tomorrow's earnings/guidance will be another major step in the right direction as Karp & Co. build out this AI juggernaut."
|
McDonald's
|
https://www.cnbc.com/video/2025/11/04/where-chipotle-loses-mcdonalds-will-pick-up-says-g-squareds-victoria-greene.html?&qsearchterm=McDonald%27s
|
Where Chipotle loses McDonald's will pick up, says G Squared's Victoria Greene
| 2025-11-04T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Where Chipotle loses McDonald's will pick up, says G Squared's Victoria Greene
Victoria Greene, G Squared Private Wealth, joins 'The Exchange' to discuss Greene's investing take on McDonald's, Royal Caribbean and Shopify.
|
Uber
|
https://www.cnbc.com/2025/11/04/uber-uber-q3-earnings-2025.html?&qsearchterm=Uber
|
Uber falls 5% despite third-quarter revenue beat
| 2025-11-04T00:00:00
|
Dara Khosrowshahi, CEO, Uber Technologies speaks during the third day of the FII PRIORITY Summit held at the Faena Hotel on February 21, 2025 in Miami Beach, Florida.
Net income nearly tripled to $6.6 billion, or $3.11 per share, from $2.6 billion, or $1.20 per share, in the year-ago period. Adjusted earnings before interest, taxes, depreciation and amortization rose 33% to about $2.26 billion and was roughly in line with StreetAccount's estimate.
Revenue jumped 20% from $11.2 billion in the year-ago period. Gross bookings increased 21% to $49.74 billion and surpassed the $48.95 billion expected by StreetAccount.
"This was our strongest growth since the end of 2023 and the largest trip volume increase in Uber's history outside the post-Covid rebound," said CEO Dara Khosrowshahi in prepared remarks.
Uber shares fell 5% on Tuesday even after the ride-hailing company beat Wall Street's third-quarter revenue expectations.
Uber said its net income included a $4.9 billion benefit from a tax valuation release and a $1.5 billion net pretax benefit from reevaluations of equity investments.
For the fourth quarter, Uber forecast gross bookings between $52.25 billion and $53.75 billion, versus a StreetAccount estimate of $52.10 billion. The company expects adjusted EBITDA to range between $2.41 billion and $2.51 billion, versus $2.47 billion expected by StreetAccount.
Khosrowshahi said the company's focus on innovation and affordability drove strong trips and gross bookings for the period.
Uber's monthly active platform consumers increased 17% to 189 million. The company said it logged 3.5 billion trips during the quarter, up 22% from a year ago.
"At this point we see blue skies," Khosrowshahi told CNBC's "Squawk Box" on Tuesday. "Obviously, we are watching out in terms of the economies, the global economies, but at this point, the business continues to hit on all cylinders."
Khosrowshahi said the company is also harnessing artificial intelligence to build more solutions for its drivers and couriers, and working with large language model creators such as OpenAI. He said he expects Uber's ongoing growth to come from internal innovations and occasional acquisitions.
Here's how the company's key business segments performed:
Mobility (gross bookings): $25.11 billion, up 20% year over year
$25.11 billion, up 20% year over year Delivery (gross bookings): $23.32 billion, up 25% year over year
Mobility segment revenue rose to $7.68 billion, slightly ahead of a StreetAccount estimate of $7.63 billion. Uber's delivery business reported revenue of $4.48 billion, which topped the $4.31 billion projected by StreetAccount.
Correction: Uber's net income nearly tripled to $6.6 billion. An earlier version misstated the figure.
|
Uber
|
https://www.cnbc.com/video/2025/11/04/uber-under-pressure-to-prove-its-driverless-strategy-has-real-upside.html?&qsearchterm=Uber
|
Uber under pressure to prove its driverless strategy has real upside
| 2025-11-04T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
|
Uber
|
https://www.cnbc.com/video/2025/11/04/uber-shares-under-pressure-after-third-quarter-report.html?&qsearchterm=Uber
|
Uber shares under pressure after third quarter report
| 2025-11-04T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Uber shares under pressure after third quarter report
CNBC's MacKenzie Sigalos joins 'Money Movers' with the latest details on Uber's earnings and the company's bet on autonomous vehicles.
|
Uber
|
https://www.cnbc.com/video/2025/11/04/uber-ceo-dara-khosrowshahi-on-q3-results-the-business-continues-to-hit-on-all-cylinders.html?&qsearchterm=Uber
|
Uber CEO Dara Khosrowshahi on Q3 results: The business continues to hit on all cylinders
| 2025-11-04T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Uber CEO Dara Khosrowshahi on Q3 results: The business continues to hit on all cylinders
Uber CEO Dara Khosrowshahi joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the consumer, impact of AI, growth outlook, autonomous driving timeline, and more.
|
Uber
|
https://www.cnbc.com/video/2025/11/04/watch-cnbcs-full-interview-with-uber-ceo-dara-khosrowshahi.html?&qsearchterm=Uber
|
Watch CNBC's full interview with Uber CEO Dara Khosrowshahi
| 2025-11-04T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Watch CNBC's full interview with Uber CEO Dara Khosrowshahi
Uber CEO Dara Khosrowshahi joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the consumer, impact of AI, growth outlook, autonomous driving timeline, and more.
|
Uber
|
https://www.cnbc.com/video/2025/11/03/street-expects-uber-to-beat-earnings-results.html?&qsearchterm=Uber
|
Wall Street expects Uber to beat earnings results
| 2025-11-03T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
|
Uber
|
https://www.cnbc.com/2025/11/04/stocks-making-the-biggest-moves-midday-uber-htz-nclh-yum-pltr.html?&qsearchterm=Uber
|
Stocks making the biggest moves midday: Uber, Hertz, Norwegian Cruise, Yum, Palantir and more
| 2025-11-04T00:00:00
|
Check out the companies making the biggest moves midday: Denny's — The diner chain rallied 50% after it announced it would be acquired by private equity firm TriArtisan Capital Advisors for $620 million, or $6.25 per share, in cash. The deal represents a 52% premium from Monday's close and is expected to close in the first quarter of next year. Hertz — The car rental company and meme stock surged more than 42% on much better-than-expected third-quarter results . Hertz posted a profit of 12 cents per share, excluding certain items, on revenue of $2.48 billion. Analysts polled by FactSet had forecast earnings of 3 cents per share on revenue of $2.39 billion. Zoetis -- The animal health company tumbled 12% and hit a 52-week low after lowering its full-year revenue guidance. Zoetis now anticipates revenue in the range of $9.4 billion to $9.475 billion, compared with its prior guidance of $9.45 billion to $9.6 billion. Analysts surveyed by FactSet were expecting to hear $9.51 billion. Uber Technologies — The ride-sharing company fell 7% after saying fourth-quarter adjusted EBITDA will range between $2.41 billion and $2.51 billion versus $2.47 billion expected by analysts polled by FactSet. Third-quarter revenue beat Wall Street's expectations, at $13.47 billion versus the $13.28 billion expected, per LSEG. Wingstop — The fast food chain shares soared nearly 14% after the company reported same-store sales growth of 5.6%. That came in much higher than a 3.2% growth estimate per StreetAccount. Sanmina — Shares of the optical and electronic products manufacturer jumped more than 16% after fiscal fourth-quarter results beat Street estimates and its first-quarter earnings forecast was also stronger than expected. Lattice Semiconductor — The semiconductor company tumbled more than 8% after its third-quarter earnings failed to impress investors. Lattice earned 28 cents per share on a non-GAAP basis, matching a FactSet estimate. Norwegian Cruise Line Holdings — The cruise operator dropped about 14% after third-quarter revenue of $2.94 billion missed the $3.02 billion expected by analysts surveyed by FactSet. Adjusted earnings came in above expectations. Shares of Royal Caribbean and Carnival both fell 5% and 8%, respectively, in sympathy. Yum Brands — The restaurant operator's shares rose nearly 7% after it reported quarterly earnings and revenue growth , fueled by strong demand at Taco Bell and improved U.S. sales for KFC. The chain announced plans to review strategic options for Pizza Hut. Sarepta Therapeutics — Shares plunged 34% after the biotechnology company said a late-stage study testing two gene-targeted therapies for Duchenne muscular dystrophy did not meet the main goal . Palantir Technologies — Shares dropped 7% after Palantir fiscal fourth-quarter earnings and revenue beat estimates and it raised its current-quarter and full year revenue guidance. Expectations were high going into the report however, with Palantir jumping 20% in the past month and nearly 30% in the past three. Henry Schein — The medical products provider jumped about 10% on the back third-quarter adjusted earnings of $1.38 per share that topped the $1.28 FactSet consensus estimate. Revenue was $3.34 billion compared to the $3.28 billion expected by analysts and the company also raised its full-year guidance. Upwork — Shares surged 7% after the freelance work platform's third-quarter earnings surpassed expectations. Upwork earned an adjusted 36 cents, topping a consensus estimate of 29 cents expected by analysts polled by FactSet. Revenue of $201.7 million exceeded the $193.3 million average estimate. — CNBC's Fred Imbert, Lisa Han, Sarah Min, Sean Conlon and Yun Li contributed reporting.
|
Uber
|
https://www.cnbc.com/2025/11/04/stocks-making-biggest-moves-premarket-uber-srpt-pltr-nclh-and-more.html?&qsearchterm=Uber
|
Stocks making the biggest moves premarket: Uber, Sarepta, Palantir, Norwegian Cruise and more
| 2025-11-04T00:00:00
|
Check out the companies making the biggest moves in premarket trading: Uber Technologies — The ride-sharing company fell 5% after saying fourth quarter adjusted EBITDA will range between $2.41 billion and $2.51 billion versus $2.47 billion expected by analysts polled by FactSet. Third-quarter revenue beat Wall Street's expectations, at $13.47 billion versus the $13.28 billion expected from analysts polled by LSEG. It was unclear if earnings of $3.11 per share compared to a 68-cent consensus estimate. Norwegian Cruise Line Holdings — The cruise operator dropped more than 10% after third-quarter revenue of $2.94 billion missed the $3.02 billion expected by analysts surveyed by FactSet. Adjusted earnings came in above expectations. Shares of Royal Caribbean and Carnival both fell about 4%in sympathy. Spotify Technology — The music streaming platform rose nearly 5% after third-quarter revenue of 4.27 billion euros topped the 4.23 billion euros expected from analysts polled by LSEG. Yum Brands — The restaurant operator's shares rose 2% after it reported quarterly earnings and revenue growth , fueled by strong demand for Taco Bell and improved U.S. sales for KFC. The chain announced plans to review strategic options for Pizza Hut. Sarepta Therapeutics — Shares plunged 35% after the biotechnology company said a late-stage study testing two gene-targeted therapies for Duchenne muscular dystrophy did not meet the main goal . Palantir Technologies — Shares slipped 7% after Palantir fiscal fourth-quarter earnings and revenue beat estimates and it raised its current-quarter and full year revenue guidance. Expectations were high going into the report however, with Palantir jumping 20% in the past month and nearly 30% in the past three. Henry Schein — The medical products provider jumped 8% on the back third-quarter adjusted earnings of $1.38 per share that topped the $1.28 FactSet consensus estimate. Revenue was $3.34 billion compared to the $3.28 billion expected by analysts and the company also raised its full-year guidance. Upwork — Shares surged 20% after the freelance work platform's third-quarter earnings surpassed expectations. Upwork earned an adjusted 36 cents, topping a consensus estimate of 29 cents expected by analysts polled by FactSet. Revenue of $201.7 million exceeded the $193.3 million average estimate. Victoria's Secret — The specialty retailer sank nearly 4% after a Wall Street Journal report that BBRC International, which has about a 13% stake in Victoria's Secret, sent a letter this week to the company's board of directors calling for the removal of chair Donna James and asking for a seat on the board. DraftKings , Flutter Entertainment — The online gambling platforms both fell nearly 3% after being downgraded to neutral from buy at Bank of America Securities, which cited concerns about volatility, long-term earnings and tax headwinds. The bank has concerns about Flutter's structural hold and a UK tax review. Archer-Daniels-Midland — The global agriculture company tumbled nearly 8% after cutting adjusted earnings guidance for the full year. Third-quarter results, however, beat analyst expectations. Ferrari — U.S.-listed shares of Ferrari rose 1% after the Italian carmaker posted third-quarter earnings that beat analyst expectations. Ferrari posted a net profit of 382 million euros, topping an LSEG estimate of 367 million euros. Vertex Pharmaceuticals — The biotech company fell 3% after issuing mixed third-quarter results. Vertex earned an adjusted $4.80 per share on revenue of $3.08 billion, versus the adjusted earnings of $4.58 per share on $3.06 billion of revenue expected by analysts polled by FactSet. IAC — The media owner of People and Care.com fell 4.5% after quarterly results missed analyst estimates and it lowered full-year guidance. IAC earned adjusted EBITDA of $29.1 million in the third quarter, below the $51.3 million that analysts polled by FactSet had penciled in. Revenue of $589.8 million also missed the consensus estimate of $601.2 million. Eaton — The power management company slid 4% on lackluster third-quarter results . Eaton reported adjusted earnings of $3.07 on revenue of $6.99 billion, while analysts polled by FactSet expected earnings of $3.05 per share on revenue of $7.07 billion. — CNBC's Fred Imbert, Lisa Han, Sarah Min, Sean Conlon and Yun Li contributed reporting. Correction: IAC owns People and Care.com. An earlier version of this story misstated the properties the media company owns.
|
Uber
|
https://www.cnbc.com/video/2025/11/04/final-trades-insulet-corp-uber-and-apollo-global.html?&qsearchterm=Uber
|
Final Trades: Insulet Corp, Uber and Apollo Global
| 2025-11-04T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Final Trades: Insulet Corp, Uber and Apollo Global
The Investment Committee give you their top stocks to watch for the second half.
|
Uber
|
https://www.cnbc.com/video/2025/11/04/committee-stocks-on-the-move-uber-and-vertex-pharma.html?&qsearchterm=Uber
|
Committee stocks on the move: Uber and Vertex Pharma
| 2025-11-04T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Committee stocks on the move: Uber and Vertex Pharma
The Investment Committee discuss some of their stocks on the move today.
|
S&P Global
|
https://www.cnbc.com/2025/11/04/snap-trump-food-shutdown.html?&qsearchterm=S
|
Trump suggests U.S. won't pay any SNAP benefits during shutdown, contradicting court filing
| 2025-11-04T00:00:00
|
A volunteer displays information on the Supplemental Nutritional Assistance Program (SNAP) at a grocery store in Dorchester, Massachusetts, US, on Monday, Nov. 3, 2025.
President Donald Trump on Tuesday suggested that the United States would not pay any SNAP benefits during the government shutdown, contradicting a court filing a day earlier by his administration.
Trump said that the benefits, which help feed 42 million Americans, will resume only after Democrats in Congress agree to pass a stopgap funding bill that would reopen the government.
The administration on Monday told a federal judge in Rhode Island that it would pay half of the costs of the SNAP benefits for November.
Trump on Tuesday said in a Truth Social post, "SNAP BENEFITS, which increased by Billions and Billions of Dollars (MANY FOLD!) during Crooked Joe Biden's disastrous term in office (Due to the fact that they were haphazardly 'handed' to anyone for the asking, as opposed to just those in need, which is the purpose of SNAP!), will be given only when the Radical Left Democrats open up government, which they can easily do, and not before!"
The White House, when asked by CNBC for clarification on Trump's statement given the court filing Monday, said, "Refer you to the President's truth."
White House press secretary Karoline Leavitt, at a briefing later, told reporters that "the administration is fully complying with the court order."
Leavitt said she had spoken to Trump about his post, and added, "The recipients of these SNAP benefits need to understand it's going to take some time to receive this money, because the Democrats have forced the administration into a very untenable position."
"We are digging into a contingency fund that is supposed to be for emergencies, catastrophes, for war, and the president does not want to have to tap into this fund in the future, and that's what he was referring to in his Truth Social post," Leavitt said.
She also said that the U.S. Department of Agriculture had issued guidance on Tuesday to individual states about the amount of money being disbursed to SNAP recipients.
The social media post came shortly after lawyers for plaintiffs in a court case challenging the administration's cessation of SNAP benefits told a federal judge in Rhode Island that the decision to pay partial benefits out of a contingency fund did not meet his prior order that any decision to make partial payments "cannot be arbitrary and capricious."
The judge, Jack McConnell, had told the administration on Friday that it needed to pay SNAP benefits as soon as possible out of a contingency fund, and that is also needed to investigate whether other federal funds could be used to keep the program fully funded in the absence of a new appropriation by Congress.
|
S&P Global
|
https://www.cnbc.com/2025/11/04/toyota-quarterly-profit-us-tariffs.html?&qsearchterm=S
|
Toyota set for second straight quarterly profit drop as U.S. tariffs weigh on results
| 2025-11-04T00:00:00
|
After the U.S. set a 25% tariff rate on Japan and South Korea, a Toyota sign is shown at a Toyota dealership in Tustin, California, U.S. July 7, 2025.
Japan's Toyota Motor is expected to post a second consecutive quarterly operating profit decline on Wednesday, as U.S. tariffs and supply-chain risks weigh on its operations despite robust global sales of hybrid vehicles.
The world's best-selling automaker is forecast to report a 25% year-on-year profit drop to 863.1 billion yen ($5.72 billion) for the July-September quarter, according to the average estimate of eight analysts surveyed by LSEG.
It would mark Toyota's weakest performance since the fourth quarter of fiscal 2022, highlighting the impact of macroeconomic factors after strong hybrid sales and a favorable exchange rate fueled a record earnings streak.
"One thing in focus is whether they will change guidance," said Seiji Sugiura, senior analyst at Tokai Tokyo Intelligence Laboratory.
"They could do so mainly because of a weaker yen and because tariffs have been set at 15%. Given those factors, they can make an upward revision, but it's also possible they won't do it."
Global sales of Toyota and its luxury Lexus brand vehicles reached 7.8 million units in the first nine months of the year, up 5% from a year earlier. Toyota has benefited from a shift in consumer preference toward high-margin hybrid vehicles, especially in the U.S., its biggest market where sales rose 8% year-on-year over the period.
Sales in China and India posted gains of 5% and 12%, respectively.
The automaker continues to grapple with tariffs imposed by Washington on global auto imports, including from Japan, for which the import levy is set at 15%.
At its previous earnings announcement in August, Toyota estimated a hefty 1.4 trillion yen hit from the levies and slashed its full-year operating profit forecast by 16% to 3.2 trillion yen. Investors will be watching closely for any further revision.
Hybrid cars accounted for 42% of Toyota and Lexus sales over the six-month period ending in September, while battery electric vehicles made up less than 2%.
Toyota's shares have edged up less than 1% from late last year, compared to the 29% rise in the benchmark Nikkei index, reflecting caution amid global economic uncertainties.
|
S&P Global
|
https://www.cnbc.com/2025/11/04/bessent-says-us-has-lots-of-options-to-use-on-tariffs-if-it-loses-supreme-court-case.html?&qsearchterm=S
|
Bessent says U.S. has 'lots' of options to use on tariffs if it loses Supreme Court case
| 2025-11-04T00:00:00
|
Treasury Secretary Scott Bessent said Tuesday that there are other options in case of defeat as the Supreme Court is about to hear a landmark case on President Donald Trump's tariffs.
The high court is set Wednesday to hear arguments on whether Trump exceeded his authority under the International Emergency Economic Powers Act to enact sweeping duties on U.S. trading partners.
At stake is the leeway presidents have to wield over trade measures as a tool of economic policy. Bessent expressed confidence in a CNBC "Squawk Box" interview that the administration will prevail, but has additional outlets it can use in case the decision goes the other way.
"There are lots of other authorities that can be used, but IEEPA is by far the cleanest, and it gives the U.S. and the president the most negotiating authority," he said. "The others are more cumbersome, but they can be effective."
Specifically, Bessent cited Section 232 of the Trade Expansion Act of 1962, which provides a justification on grounds of national security, as well as Section 301 of the Trade Act of 1974, which regulates unfair trading practices.
However, they would limit the president's ability to use tariffs, as Trump has, under "emergency" grounds.
"This is very important tomorrow, and SCOTUS is going to hear this," Bessent said, referring to the court's nickname. "This is a signature policy for the president, and traditionally, SCOTUS has been loath to interfere with these signature policies."
Outside of the court case, the secretary talked up the relationship the White House has with China, following last week's meeting between Trump and Xi Jinping. An agreement reached at the gathering in South Korea resulted in deals that set back some of the most onerous tariffs the two sides had slapped on each other.
"It was a very good meeting. Both sides approached it with great respect," Bessent said. "I think President Trump is the only leader who President Xi respects. ... The relationship is in a good place."
Bessent said there are two state visits set up for 2026, one in Beijing and the other in the U.S.
|
S&P Global
|
https://www.cnbc.com/2025/11/04/dick-cheney-powerful-former-us-vice-president-who-pushed-for-iraq-war-dies-at-84.html?&qsearchterm=S
|
Dick Cheney, powerful former U.S. vice president who pushed for Iraq war, dies at 84
| 2025-11-04T00:00:00
|
Former U.S. Vice President Dick Cheney attends the Conservative Political Action conference (CPAC), on February 10, 2011 in Washington, DC. The CPAC annual gathering is a project of the American Conservative Union. Mark Wilson | Getty Images News | Getty Images
Dick Cheney, a driving force behind the U.S. invasion of Iraq in 2003 who was considered by presidential historians as one of the most powerful vice presidents in U.S. history has died at age 84, his family said in a statement on Tuesday. Cheney died Monday night from complications of pneumonia and cardiac and vascular disease, his family said. The Republican - a former Wyoming congressman and secretary of defense - was already a major Washington player when then-Texas governor George W. Bush chose him to be his running mate in the 2000 presidential race that Bush went on to win. As vice president from 2001 to 2009, Cheney fought vigorously for an expansion of the power of the presidency, having felt that it had been eroding since the Watergate scandal that drove his one-time boss Richard Nixon from office. He also expanded the clout of the vice president's office by putting together a national security team that often served as a power center of its own within the administration. Cheney was a strong advocate for the 2003 invasion of Iraq and was among the most outspoken of Bush administration officials warning of the danger from Iraq's alleged stockpile of weapons of mass destruction. No such weapons were found. He clashed with several top Bush aides, including Secretaries of State Colin Powell and Condoleezza Rice, and defended "enhanced" interrogation techniques of terrorism suspects that included waterboarding and sleep deprivation. Others, including the U.S. Senate Select Committee on Intelligence and the U.N. special rapporteur on counter terrorism and human rights, called these techniques "torture." His daughter Liz Cheney also became an influential Republican lawmaker, serving in the House of Representatives but losing her seat after opposing Republican President Donald Trump and voting to impeach him in the wake of the January 6, 2021 attack on the Capitol by his supporters. Her father agreed with her and said he would vote for Democratic candidate Kamala Harris in 2024.
Former Vice President Dick Cheney looks on as his daughter Rep. Liz Cheney, R-Wyo., takes the oath of office on the House floor on Tuesday, Jan. 3, 2017. Bill Clark | CQ-Roll Call, Inc. | Getty Images
"In our nation's 248 year-history, there has never been an individual who is a greater threat to our republic than Donald Trump," said the man who had long been a foe of the left. Cheney was troubled much of his life by heart problems, suffering the first of a number of heart attacks at age 37. He had a heart transplant in 2012. Taking on Iraq Cheney and Defense Secretary Donald Rumsfeld, who had been colleagues in the Nixon White House, were key voices pushing for the March 2003 invasion of Iraq. In the run-up to the war, Cheney suggested there might be links between Iraq and al Qaeda and the September 11, 2001 attacks on the United States. A commission on the 9/11 attacks later discredited this theory.
U.S. President George W. Bush (R), flanked by U.S. Vice President Dick Cheney (M) and U.S. Secretary of Defense Donald Rumsfeld, speaks about terrorism in Iraq, September 28, 2005 in Washington, DC. Mark Wilson | Getty Images News | Getty Images
Cheney predicted U.S. forces would be "greeted as liberators" in Iraq and that the troop deployment - which would last around a decade - would "go relatively quickly ... weeks rather than months." Although no weapons of mass destruction were found, Cheney in later years insisted that the invasion was the right decision based on the intelligence at the time and the removal of Iraqi President Saddam Hussein from power. More than a decade earlier as defense secretary under President George H.W. Bush, Cheney had directed the U.S. military operation to expel an Iraqi occupation army from Kuwait in the first Gulf War. He urged Bush senior to take an uncompromising line against Iraq after Saddam Hussein sent his troops to occupy Kuwait in August 1990. But at that point Cheney did not support an invasion of Iraq, saying the United States would have to act alone and that the situation would become a quagmire. Because of Cheney's long ties to the Bush family and experience in government, George W. Bush chose him to head his vice presidential search in 2000. Bush then decided the man doing the search was the best candidate for the job. Upon his re-entry into politics, Cheney received a $35 million retirement package from oil services firm Halliburton, which he had run from 1995 to 2000. Halliburton became a leading government contractor during the Iraq war. Cheney's oil industry links were a subject of frequent criticism by opponents of the war. The first Republican in generations Richard Bruce Cheney was born in Lincoln, Nebraska, to Marjorie Lorraine (née Dickey) and Richard Herbert Cheney on January 30, 1941, the day then-President Franklin Roosevelt turned 59. His mother was a waitress turned softball player, his father a federal worker with the Soil Conservation Service. Both sides of the family were staunch New Deal Democrats, he wrote in his 2011 book "In My Time: A Personal and Political Memoir." Convinced that the president would want to know that he shared a birthday with the newborn, Cheney's grandfather urged Marjorie and Richard to share the news by telegram with the White House. In his family he "was the first Republican probably since my great-grandfather who fought in the Civil War on the Union side," he told the PBS documentary "Dick Cheney: A Heartbeat Away." He moved as a boy to Wyoming with his family, before attending Yale University. "I was a mediocre student, at best," he said.He dropped out. 'A deadly allergy to olive drab' Back in Wyoming in 1962, he worked on building electrical transmission lines and coal-fired power stations, before eventually earning undergraduate and master's degrees in political science from the University of Wyoming. Of that time he recalled a visit by then President John F. Kennedy, who addressed students on the importance of using what they were learning to build a better nation and a better world. "He had inspired us all, and at a time when I was trying to put my life back together, I was particularly grateful for the sense of elevated possibilities he described," Cheney wrote in his memoir. In his 20s, Cheney strongly disagreed with the students who shut down campuses in protest against the Vietnam War, he recalled in his memoir. "As a general proposition, I supported our troops in Vietnam and the right of the Kennedy and Johnson administrations to make the decision to be involved there," he wrote. He himself was never drafted. According to his biographer, John Nichols, Cheney repeatedly applied for deferments and exemptions to avoid conscription. "Cheney reacted to the prospect of wearing his country's uniform like a man with a deadly allergy to olive drab," Nichols wrote in The Nation magazine in 2011. Cheney stated that he would have been happy to serve. Embracing Darth Vader Cheney went to Washington in 1969 as a congressional intern and held various White House jobs during the Republican administrations of Nixon and Gerald Ford. One of his earliest mentors was Rumsfeld, who worked as secretary of defense in both the Ford and George W. Bush administrations. When Cheney became Ford's chief of staff, he succeeded Rumsfeld.
(Original Caption) Donald Rumsfeld fingers his "stand-up" desk in White House office 11/6 as he talks with his successor as White House Chief of Staff, Richard B. Cheney. Donald Rumsfeld has been nominated by President Ford to succeed Secretary of Defense James Schlesinger. Rumsfeld said he found "stand-up" desk relaxing since many of his White House duties required him to sit down. Bettmann | Bettmann | Getty Images
|
S&P Global
|
https://www.cnbc.com/2025/11/04/10-year-treasury-yield-investors-weigh-the-state-of-the-us-economy.html?&qsearchterm=S
|
10-year Treasury yield falls as investors weigh the state of the U.S. economy
| 2025-11-04T00:00:00
|
One basis point equals 0.01% and yields and prices move in opposite directions.
The benchmark yield shed more than 2 basis points to 4.085%. The 2-year Treasury note yield also declined more than 2 basis points to 3.578%, as did the 30-year bond yield at 4.669%.
The 10-year Treasury yield fell Tuesday as investors weighed the state of the economy and looked ahead to a speech by Federal Reserve Vice Chair for Supervision Michelle Bowman.
The U.S. government shutdown will likely continue this week, delaying the release of the JOLTS report, Commonwealth Bank of Australia wrote in a daily note.
Investors have been struggling to assess economic conditions due to delayed reports, including the U.S. jobs report for October, with attention instead shifting to the ADP payrolls data.
In other economic news, the ISM manufacturing index for October fell short of expectations, coming in at 48.7% instead of the forecasted 49.3%.
Federal Reserve officials, including Governor Lisa Cook, have expressed uncertainty about the central bank's direction for December rate cuts.
Cook said she sided with the 10-2 vote on the Federal Open Market Committee to lower the central bank's benchmark interest rate by a quarter percentage point.
"I viewed that decision as appropriate, because I believe that the downside risks to employment are greater than the upside risks to inflation. I view the latest reduction in the fed funds rate as another gradual step toward normalization," she said in remarks before the Brookings Institution in Washington, D.C.
Federal Reserve Vice Chair for Supervision Michelle Bowman is due to speak today on the topic of stability and growth at the 2025 Santander International Banking Conference in Madrid, Spain.
— CNBC's Jeff Cox contributed to this report.
|
S&P Global
|
https://www.cnbc.com/2025/11/04/cnbc-daily-open-ai-is-carrying-the-weight-of-the-us-market.html?&qsearchterm=S
|
CNBC Daily Open: AI is carrying the weight of the U.S. market
| 2025-11-04T00:00:00
|
The "everything store" might have secured its biggest customer yet.
On Monday, Amazon announced that it had signed a $38 billion deal with OpenAI, offering the ChatGPT maker access to Amazon Web Services' infrastructure.
On the one hand, the move isn't too surprising — a continuation of OpenAI's spending spree as it looks to secure resources to run its power-hungry artificial intelligence models.
On the other, OpenAI's turn to Amazon shows that the firm is diversifying from its reliance on Microsoft , which had been its exclusive cloud services provider until this year. That could suggest OpenAI is getting ready for an initial public offering as it looks to signal "both independence and operational maturity," as CNBC's MacKenzie Sigalos writes.
Amazon shares surged on the news to close at a record high. Nvidia also had a positive day after Microsoft announced it was granted a license by the U.S. government to export the AI darling's chips to the United Arab Emirates.
While Big Tech is attracting investor interest, the rest of the market has been rather lackluster.
Even as the S&P 500 and Nasdaq Composite rose on the back of the tech behemoths, more than 300 stocks in the broad-based index ended the day lower — a warning sign that only a narrow segment of the market is faring well.
|
S&P Global
|
https://www.cnbc.com/video/2025/11/03/ares-management-ceo-the-wheels-are-in-motion-to-bring-private-investments-into-401ks.html?&qsearchterm=S
|
Ares Management CEO: ‘The wheels are in motion’ to bring private investments into 401(k)s
| 2025-11-03T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
|
S&P Global
|
https://www.cnbc.com/video/2025/11/03/why-stellantis-is-investing-13-billion-in-the-us.html?&qsearchterm=S
|
Why Stellantis is investing $13 billion in the U.S.
| 2025-11-03T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Why Stellantis is investing $13 billion in the U.S.
Stellantis, the Euro-American parent of Jeep, RAM, Dodge and Chrysler, is forking over $13 billion to fix its struggling U.S. business, which is responsible for more than half of Stellantis' total profits. Formed in 2021, the company was a star--every year made more money than the one previous. But all the while, customers were walking away. Here's what the company is trying to do to get them back, and what challenges remain.
|
S&P Global
|
https://www.cnbc.com/2025/11/03/jeep-ram-stellantis-investment.html?&qsearchterm=S
|
Why Jeep and Ram parent Stellantis is investing $13 billion in the U.S.
| 2025-11-03T00:00:00
|
Automaker Stellantis is making $13 billion bet on a U.S. comeback, after a rough 2024 and a $2.7 billion net loss in the first half of 2025.
High prices and stale products scuttled what had been a highly successful first few years of the combined company. Stellantis was the product of a merger of French company Peugeot and Italian American company Fiat-Chrysler. Joining forces allowed the automakers to save more than $8 billion through sharing parts and streamlining operations, roughly double what the deal had promised investors.
Pandemic-era shortages also allowed Stellantis raise prices on the vehicles it could sell when inventories were tight. The result was three years of growing profits — from $15.4 billion in 2021 to $20 billion in 2023.
But even though inventory shortages across the industry kept sales strong, many of the core buyers of Jeep, Ram, Dodge and Chrysler were turning away.
"A lot of automakers during the pandemic really raised pricing," said Tom Narayan, lead equity analyst at RBC Capital. "But they [Stellantis] actually were among the worst offenders."
During that time, Stellantis was losing market share — dropping about 5% U.S. market share in about five years, according to Autoforecast Solutions.
Stellantis has a new plan that aims to recapture its previous status with its $13 billion investment.
About a tenth of that is so far dedicated to tooling up U.S. factories for new and existing models. That's also a sign that the company is trying to escape costs associated with tariffs on imported vehicles, experts said. Stellantis earlier this year said trade barriers stand to cost it $1.7 billion in 2025.
Watch the video to learn more.
|
S&P Global
|
https://www.cnbc.com/video/2025/11/03/api-ceo-u-s-oil-and-gas-industry-will-continue-to-be-the-backbone-of-world-economic-and-energy-security.html?&qsearchterm=S
|
API CEO: U.S. oil & gas industry 'backbone' of world economic, energy security
| 2025-11-03T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
API CEO: U.S. oil & gas industry 'backbone' of world economic, energy security
American Petroleum Institute President & CEO Mike Sommers speaks to CNBC's Dan Murphy at the ADIPEC conference in Abu Dhabi, giving his take on U.S. energy policy, global energy demand and the oil market.
|
Amgen
|
https://www.cnbc.com/video/2025/11/04/breen-tariffs-are-not-really-landing-on-the-industry.html?&qsearchterm=Amgen
|
Breen: Tariffs are not really landing on the industry
| 2025-11-04T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Breen: Tariffs are not really landing on the industry
Courtney Breen, Senior Research Analyst at Bernstein, says tariffs have minimal pharma impact, Zepbound is rapidly gaining share in obesity drugs, and Amgen remains her top pick amid mixed earnings.
|
Pfizer
|
https://www.cnbc.com/2025/11/04/novo-nordisk-pfizer-metsera-acquisition.html?&qsearchterm=Pfizer
|
Metsera says Novo Nordisk’s new up to $10 billion bid for obesity drugmaker is ‘superior’ to revised Pfizer offer
| 2025-11-04T00:00:00
|
The logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy is seen outside theri building as the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025.
Metsera on Tuesday said Novo Nordisk 's new bid for the obesity biotech is "superior" to a revised offer from Pfizer , escalating a heated tussle over the startup between the two pharmaceutical giants.
Novo Nordisk's new proposal values Metsera at up to $86.20 per share, for a total of around $10 billion. In a release, Metsera said that represents a roughly 159% premium to its closing price as of Sept. 19, the last trading day before Pfizer announced its proposed acquisition of the company.
Meanwhile, Pfizer's new proposal values Metsera at up to $70 per share, for a total of roughly $8.1 billion.
Under the terms of the original agreement for Pfizer to acquire Metsera, the drugmaker has two business days to negotiate adjustments to the proposal. If Metsera's board believes that Novo Nordisk's proposal is still better than Pfizer's after that window, Metsera would be entitled to end the existing merger agreement, according to the release.
"We believe that Novo Nordisk's offer is illusory, and cannot constitute a superior proposal under the terms of our merger agreement with Metsera because it violates antitrust law and there is a high risk it will never be consummated," Pfizer CEO Albert Bourla said during the company's third-quarter earnings call on Tuesday.
In a statement Tuesday, Novo Nordisk confirmed its new bid and said it could maximize the potential of Metsera's complementary drug portfolio. Novo Nordisk reiterated that the proposal complies with all applicable laws and "is in the best interest of patients who will benefit from our commitment to innovation, as well as Metsera's shareholders."
The new bids comes one day after Pfizer filed its second lawsuit against Novo Nordisk and Metsera, alleging that the Danish drugmaker's attempt to outbid Pfizer to acquire the biotech company is anticompetitive.
The clash reflects the shifting landscape for blockbuster weight loss and diabetes drugs, with veteran Novo Nordisk now trailing rival Eli Lilly as other companies like Pfizer race to break in.
Metsera, founded in 2022, brings a pipeline of both oral and injectable treatments with different targets, including a drug targeting GLP-1 and another targeting another gut hormone called amylin. Both are being studied as potential once-monthly treatments, which would mean they are taken less frequently than the weekly injections on the market.
For Pfizer, Metsera's pipeline could be the company's golden ticket to enter the space after struggling to bring its own obesity products to market over the last few years. Novo Nordisk helped establish the market, but is losing market share to Eli Lilly and cheaper copycats and struggling to impress investors with its drug pipeline.
Pfizer in September said that it would acquire Metsera for $4.9 billion, or up to $7.3 billion with future payments.
But Novo Nordisk launched a takeover bid Thursday valuing the biotech at around $6 billion, or up to $9 billion, triggering a deadline of four business days for Pfizer to renegotiate its offer.
|
Pfizer
|
https://www.cnbc.com/2025/11/04/pfizer-pfe-earnings-q3-2025.html?&qsearchterm=Pfizer
|
Pfizer tops estimates, raises profit guidance even as sales fall
| 2025-11-04T00:00:00
|
Pfizer CEO Albert Bourla speaks during a press conference after a visit to oversee the production of the Pfizer-BioNtech Covid-19 vaccine at the Pfizer factory in Puurs, Belgium, April 23, 2021.
Pfizer on Thursday reported third-quarter earnings and revenue that topped estimates and hiked its full-year profit guidance, as cost cuts helped to outweigh declining sales for the period.
The pharmaceutical giant now expects its full-year adjusted profit to come in between $3 and $3.15 per share, up from previous guidance of $2.90 to $3.10 per share. Pfizer said that reflects its "solid" performance for the year, "continued confidence in our business" and progress with reducing costs, among other factors.
Pfizer said it also includes a one-time $1.35 billion charge tied to its licensing agreement with Chinese biotech 3SBio, which hit earnings by roughly 20 cents per share. The company said its 2025 guidance also accounts for President Donald Trump's current tariffs on China, Canada and Mexico. It does not reflect Trump's threatened pharmaceutical-specific tariffs, as the company is exempt from those levies for three years under a new drug pricing deal with the president.
That agreement has no impact on Pfizer's 2025 guidance, but the company said it expects a dilutive effect to its 2026 outlook, its CFO Dave Denton said on a third-quarter earnings call on Tuesday. Denton said the company will likely provide its 2026 guidance by the end of the year.
Pfizer maintained it full-year revenue guidance of $61 billion to $64 billion.
Shares of Pfizer rose more than 1% on Tuesday.
Here's what the company reported for the third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Earnings per share: 87 cents adjusted vs. 63 cents expected
87 cents adjusted vs. 63 cents expected Revenue: $16.65 billion vs. $16.58 billion expected
Pfizer reported revenue of $16.65 billion for the third quarter, down 6% from the same period a year ago, largely because of lower demand for its Covid vaccine and Paxlovid, an antiviral pill for the virus.
The company booked net income of $3.54 billion, or 62 cents per share. That compares with net income of $4.47 billion, or 78 cents per share, during the same period a year ago.
Excluding certain items, including restructuring charges and costs associated with intangible assets, the company posted earnings per share of 87 cents for the quarter.
Pfizer's "performance continues to exceed expectations and deliver strong results, even as the incidence of Covid remains low," Denton said during the earnings call.
Also on Tuesday, Pfizer said it's on track to cut costs by about $7.7 billion by the end of 2027 as part of two separate initiatives. As part of that, the company said it will slash costs by $4.5 billion by the end of 2025.
The results come weeks after Pfizer became the first drugmaker to strike a deal with Trump to voluntarily sell its medications for less, as his administration pushes to link U.S. drug prices to cheaper ones abroad.
Under the deal, Pfizer has agreed to a three-year grace period during which the company's products won't face Trump's threatened pharmaceutical-specific tariffs – as long as the drugmaker further invests in U.S. manufacturing. The company plans to invest $70 billion to reshore domestic drug manufacturing and research facilities.
On the call, Denton said the deal "will help ensure U.S. patients pay lower prices for prescription medicines while providing the clarity we need to focus on our business and our investment in future innovation."
Pfizer is slowly regaining its footing after a rapid decline in its Covid business over the last three years, with the company betting on new ways to boost revenue, including through cancer products from its $43 billion acquisition of Seagen and a proposed deal with the obesity biotech Metsera.
But the drugmaker is in a heated bidding war with Novo Nordisk for Metsera. Both pharmaceutical companies raised their bids for Metsera, but the biotech company on Tuesday said Novo Nordisk's new proposal is "superior." That came one day after Pfizer filed its second lawsuit against the two companies, alleging that Novo Nordisk's attempt to outbid Pfizer to acquire Metsera is anticompetitive.
"We believe that Novo Nordisk's offer is illusory, and cannot constitute a superior proposal under the terms of our merger agreement with Metsera because it violates antitrust law and there is a high risk it will never be consummated," Pfizer CEO Albert Bourla said during the earnings call on Tuesday.
"What I can say is that our belief in the promise of the Pfizer and Metsera combination is strong and unwavering," he said.
Shares of Pfizer are down 7% for the year.
|
Pfizer
|
https://www.cnbc.com/video/2025/11/04/pfizer-and-novo-nordisk-both-raise-bids-for-metsera.html?&qsearchterm=Pfizer
|
Pfizer and Novo Nordisk both raise bids for Metsera
| 2025-11-04T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Pfizer and Novo Nordisk both raise bids for Metsera
CNBC's David Faber breaks down the latest details about a bidding war between Pfizer and Novo Nordisk for Metsera.
|
Starbucks
|
https://www.cnbc.com/2025/11/03/starbucks-boyu-capital-china.html?&qsearchterm=Starbucks
|
Starbucks to form joint venture with Boyu Capital to run China business
| 2025-11-03T00:00:00
|
Starbucks on Monday announced it is forming a joint venture with Boyu Capital to operate the company's locations in China.
Under the terms of the deal valued at $4 billion, Boyu, an alternative asset management firm, will hold up to a 60% interest in the joint venture. Starbucks will hold a 40% stake and maintain its ability to license the brand and intellectual property to the joint venture.
The announcement comes after the coffee giant conducted a months-long review of options that included strategic partnerships. Starbucks values its China business at more than $13 billion, the company said. The valuation includes the sale of the controlling stake in the joint venture, combined with the value of both its retained interest and the ongoing licensing fees that will paid to the company in the future.
The deal is expected to close in the second quarter of fiscal 2026, pending regulatory approval.
Starbucks opened its first store in China in 1999. By 2015, it had grown to become the company's second-largest market, trailing only the United States.
"Building on our positive business momentum, our partnership with Boyu will enable Starbucks China to fully unlock the vast market opportunity," Molly Liu, CEO of Starbucks China, said in a statement.
Today, the company has roughly 8,000 locations in China, but Starbucks has big ambitions for the market. CEO Brian Niccol told CNBC's Kate Rogers in September that the country could one day have 20,000 or even 30,000 locations nationwide.
But in recent years, Starbucks has seen its sales in China plummet, first due to the pandemic and related government restrictions and later caused by increased competition. Rival Luckin Coffee now has more stores in China than Starbucks and has won over customers with lower-priced drinks than the U.S. coffee chain.
On Wednesday, the company reported that its fiscal-fourth quarter same-store sales in China increased 2%, fueled by a 9% increase in traffic. However, as Starbucks has leaned into discounting to compete with local rivals, the average ticket at its Chinese cafes has fallen, weighing on the company's profits.
While Starbucks executives have continually expressed optimism about the company's long-term prospects in China, its weak performance in the country has weighed on Starbucks' overall financial results.
For decades, China's massive population and fast-growing economy have made it an attractive market for U.S. companies. But in recent years, an economic slowdown and greater competition from home-grown brands have made some companies rethink their strategies.
Earlier this year, Burger King's parent company Restaurant Brands International bought its struggling China business from TFI Asia Holdings with the goal of selling it to another operator. On the other hand, McDonald's increased its minority stake in its China business from 20% to 48% two years ago, aiming to benefit from the market's growth.
|
Starbucks
|
https://www.cnbc.com/video/2025/11/03/boyu-capital-to-hold-up-to-60-percent-interest-in-starbucks-retail-operations-in-china.html?&qsearchterm=Starbucks
|
Boyu Capital to hold up to 60% interest in Starbucks retail operations in China
| 2025-11-03T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Boyu Capital to hold up to 60% interest in Starbucks retail operations in China
CNBC's Kate Rogers joins 'Fast Money' with an update in Starbucks' Chinese oper
|
Starbucks
|
https://www.cnbc.com/video/2025/11/04/starbucks-to-form-joint-venture-with-boyu-capital-to-run-china-business.html?&qsearchterm=Starbucks
|
Starbucks to form joint venture with Boyu Capital to run China business
| 2025-11-04T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
|
Zoetis
|
https://www.cnbc.com/2025/11/04/stocks-making-the-biggest-moves-midday-uber-htz-nclh-yum-pltr.html?&qsearchterm=Zoetis
|
Stocks making the biggest moves midday: Uber, Hertz, Norwegian Cruise, Yum, Palantir and more
| 2025-11-04T00:00:00
|
Check out the companies making the biggest moves midday: Denny's — The diner chain rallied 50% after it announced it would be acquired by private equity firm TriArtisan Capital Advisors for $620 million, or $6.25 per share, in cash. The deal represents a 52% premium from Monday's close and is expected to close in the first quarter of next year. Hertz — The car rental company and meme stock surged more than 42% on much better-than-expected third-quarter results . Hertz posted a profit of 12 cents per share, excluding certain items, on revenue of $2.48 billion. Analysts polled by FactSet had forecast earnings of 3 cents per share on revenue of $2.39 billion. Zoetis -- The animal health company tumbled 12% and hit a 52-week low after lowering its full-year revenue guidance. Zoetis now anticipates revenue in the range of $9.4 billion to $9.475 billion, compared with its prior guidance of $9.45 billion to $9.6 billion. Analysts surveyed by FactSet were expecting to hear $9.51 billion. Uber Technologies — The ride-sharing company fell 7% after saying fourth-quarter adjusted EBITDA will range between $2.41 billion and $2.51 billion versus $2.47 billion expected by analysts polled by FactSet. Third-quarter revenue beat Wall Street's expectations, at $13.47 billion versus the $13.28 billion expected, per LSEG. Wingstop — The fast food chain shares soared nearly 14% after the company reported same-store sales growth of 5.6%. That came in much higher than a 3.2% growth estimate per StreetAccount. Sanmina — Shares of the optical and electronic products manufacturer jumped more than 16% after fiscal fourth-quarter results beat Street estimates and its first-quarter earnings forecast was also stronger than expected. Lattice Semiconductor — The semiconductor company tumbled more than 8% after its third-quarter earnings failed to impress investors. Lattice earned 28 cents per share on a non-GAAP basis, matching a FactSet estimate. Norwegian Cruise Line Holdings — The cruise operator dropped about 14% after third-quarter revenue of $2.94 billion missed the $3.02 billion expected by analysts surveyed by FactSet. Adjusted earnings came in above expectations. Shares of Royal Caribbean and Carnival both fell 5% and 8%, respectively, in sympathy. Yum Brands — The restaurant operator's shares rose nearly 7% after it reported quarterly earnings and revenue growth , fueled by strong demand at Taco Bell and improved U.S. sales for KFC. The chain announced plans to review strategic options for Pizza Hut. Sarepta Therapeutics — Shares plunged 34% after the biotechnology company said a late-stage study testing two gene-targeted therapies for Duchenne muscular dystrophy did not meet the main goal . Palantir Technologies — Shares dropped 7% after Palantir fiscal fourth-quarter earnings and revenue beat estimates and it raised its current-quarter and full year revenue guidance. Expectations were high going into the report however, with Palantir jumping 20% in the past month and nearly 30% in the past three. Henry Schein — The medical products provider jumped about 10% on the back third-quarter adjusted earnings of $1.38 per share that topped the $1.28 FactSet consensus estimate. Revenue was $3.34 billion compared to the $3.28 billion expected by analysts and the company also raised its full-year guidance. Upwork — Shares surged 7% after the freelance work platform's third-quarter earnings surpassed expectations. Upwork earned an adjusted 36 cents, topping a consensus estimate of 29 cents expected by analysts polled by FactSet. Revenue of $201.7 million exceeded the $193.3 million average estimate. — CNBC's Fred Imbert, Lisa Han, Sarah Min, Sean Conlon and Yun Li contributed reporting.
|
FedEx
|
https://www.cnbc.com/video/2025/11/04/fedex-ceo-trade-narrative-with-china-will-improve.html?&qsearchterm=FedEx
|
Fedex CEO: Trade narrative with China will improve
| 2025-11-04T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Fedex CEO: Trade narrative with China will improve
CNBC's Seema Mody joins 'Money Movers' with the latest comments from Fedex CEO on tariffs, China, and much more.
|
Paychex
|
https://www.cnbc.com/video/2025/11/04/paychex-ceo-john-gibson-things-have-been-stable-for-small-businesses-despite-uncertainty.html?&qsearchterm=Paychex
|
Paychex CEO John Gibson: Things have been stable for small businesses despite uncertainty
| 2025-11-04T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Paychex CEO John Gibson: Things have been stable for small businesses despite uncertainty
Paychex CEO John Gibson joins 'Squawk Box' to discuss the latest data from Paychex's Small Business Jobs Index.
|
Kimberly-Clark
|
https://www.cnbc.com/2025/11/03/kimberly-clark-kenvue-tylenol-resilient.html?&qsearchterm=Kimberly-Clark
|
Kimberly-Clark CEO talks Kenvue acquisition, calls Tylenol brand 'resilient'
| 2025-11-03T00:00:00
|
Kimberly-Clark CEO Mike Hsu told CNBC's Jim Cramer that his company's planned acquisition of Tylenol maker Kenvue will create value for shareholders, even as the pain reliever is scrutinized by the Trump administration.
He also said Tylenol sales have "seen a little bit of impact, but less than you would think" from Secretary of Health and Human Services Robert F. Kennedy Jr. and President Donald Trump promoted unfounded claims linking the use of Tylenol's active ingredient, acetaminophen, during pregnancy to autism.
"I think the brand has been very resilient," Hsu said. "While I'm still getting into it, so, I'm no expert on Tylenol, but I'm told it's a very effective and safe pain reliever, and so I think the consumers respond accordingly."
Kimberly-Clark — which makes consumer packaged goods including Kleenex and Huggies — and Kenvue, which, along with Tylenol, is known for brands such as Neutrogena, Listerine and Band-Aid, announced the acquisition Monday. The deal is valued at $48.7 billion and would create one of the largest consumer staple companies in the world.
Kimberly-Clark stock plummeted 14.57% at the news while Kenvue jumped more than 12%.
|
Kimberly-Clark
|
https://www.cnbc.com/video/2025/11/03/tylenol-concerns-came-out-in-the-middle-of-our-detailed-due-diligence-process-says-kimberly-clark-ceo.html?&qsearchterm=Kimberly-Clark
|
Tylenol concerns came out in the middle of our detailed due diligence process, says Kimberly-Clark CEO
| 2025-11-03T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Tylenol concerns came out in the middle of our detailed due diligence process, says Kimberly-Clark CEO
Kimberly-Clark Chairman and CEO Mike Hsu joins 'Mad Money' host Jim Cramer to talk the recent acquisition of Kenvue, quarterly results, consumer trends, and more.
|
Kimberly-Clark
|
https://www.cnbc.com/video/2025/11/03/kimberly-clark-ceo-mike-hsu-goes-one-on-one-with-jim-cramer.html?&qsearchterm=Kimberly-Clark
|
Kimberly-Clark CEO Mike Hsu goes one-on-one with Jim Cramer
| 2025-11-03T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Kimberly-Clark CEO Mike Hsu goes one-on-one with Jim Cramer
Kimberly-Clark Chairman and CEO Mike Hsu joins 'Mad Money' host Jim Cramer to talk the recent acquisition of Kenvue, quarterly results, consumer trends, and more.
|
Kimberly-Clark
|
https://www.cnbc.com/2025/11/04/5-things-to-know-before-the-stock-market-opens.html?&qsearchterm=Kimberly-Clark
|
Palantir earnings, Pizza Hut's options, a new consumer staples giant and more in Morning Squawk
| 2025-11-04T00:00:00
|
Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images
This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day:
1. Palantir's popcorn
Tech earnings continued yesterday with Palantir Technologies , which beat Wall Street's expectations on the top and bottom lines for the third quarter. The company also issued better-than-expected guidance for its current quarter. Here's what to know: Palantir, which provides analytics tools to other firms and government agencies, credited much of its strong performance to artificial intelligence.
The company said it expects to bring in $1.33 billion in revenue in the fourth quarter — an optimistic forecast despite the ongoing government shutdown that could jeopardize some of Palantir's contracts. Analysts expected fourth-quarter revenue of $1.19 billion, according to LSEG.
The stock initially rose following the report but has since given up those gains, dropping more than 7% in extended trading. Shares of Palantir have risen 25-fold in the past three years and are up 170% this year alone.
CEO Alex Karp used the company's earnings call to dismiss his critics, saying, "Enjoy, get some popcorn, they're crying." Karp also discussed fentanyl overdoses in the U.S., as well as Palantir's controversial deal to build software for U.S. Immigration and Customs Enforcement (ICE).
Elsewhere in tech, shares of Amazon $38 billion deal with OpenAI. Monday's gains put the stock up 14% in just the last two sessions.
$38 billion deal with OpenAI. Monday's gains put the stock up 14% in just the last two sessions. Shares of Uber beat revenue expectations for the third quarter.
beat revenue expectations for the third quarter. Follow live market updates here.
2. Want a slice?
A sign is posted on the exterior of a Pizza Hut restaurant on March 25, 2024 in San Pablo, California. Justin Sullivan | Getty Images
Pizza Hut's parent company announced this morning that it will explore strategic options for the chain, indicating a sale could be on the table. Yum Brands , which also owns KFC and Taco Bell, did not set a deadline for the review process. CEO Chris Turner said in a statement: "Pizza Hut's performance indicates the need to take additional action to help the brand realize its full value, which may be better executed outside of Yum! Brands." As CNBC's Amelia Lucas reports, the chain has seen sales slump after a pandemic-era boom. Yum also reported third-quarter earnings this morning, narrowly beating analysts' revenue expectations. It's the latest consumer company to share results for the period, and as CNBC's Laya Neelakandan notes, the reports are increasingly painting the picture of a "K-shaped" economy.
3. Package deal
\Tylenol is displayed for sale at a CVS Pharmacy on November 03, 2025 in Austin, Texas. Brandon Bell | Getty Images
There might soon be a new giant in the consumer staples market. Kimberly-Clark announced yesterday it is buying Kenvue in a $48.7 billion deal that could bring household names like Huggies, Kleenex, Band-Aid and Neutrogena all under one roof. News of the deal — which would be one of the largest acquisitions on Wall Street this year — sent shares of Kimberly-Clark dropping 14%, while shares of Kenvue surged 12%. If the name Kenvue sounds familiar, that's likely because the Tylenol maker was thrust into the spotlight last month when President Donald Trump made unfounded claims linking acetaminophen use during pregnancy to increased autism risk. Kimberly-Clark CEO Mike Hsu told CNBC's Jim Cramer that Tylenol sales have "seen a little bit of impact, but less than you would think" following Trump's comments, calling the brand "resilient."
A resident browses donated food items in the pantry at Feeding South Florida in Pembroke Park, Florida, US, on Friday, Oct. 31, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images
The Trump administration said yesterday that it would use contingency funds to pay 50% of SNAP benefits during the month of November. A Rhode Island judge on Friday told the administration it could not stop paying the benefits during the government shutdown, which is set to tie the record for the longest shutdown in history tonight. Meanwhile, in Boston federal court, nearly two dozen state attorneys general sued the Trump administration over its new rule that limits eligibility for the Public Service Loan Forgiveness program. The rule narrows what counts as a "qualifying employer" for the program, excluding organizations "that engage in unlawful activities," the Education Department said in a statement.
Get Morning Squawk directly in your inbox CNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning. Subscribe here to get access today.
5. New brew
People walk out of a Starbucks outlet in Hangzhou in east China's Zhejiang province Thursday, Oct. 30, 2025. Long Wei | Feature China | Future Publishing | Getty Images
As it looks to turn around its weak China sales, Starbucks announced yesterday that it is forming a joint venture with Boyu Capital, in which the alternative asset management firm will run the coffee chain's China business. The $4 billion deal is expected to close in the second quarter of the 2026 fiscal year. Boyu will hold up to a 60% stake in the joint venture, while Starbucks will have a 40% stake. The coffee chain's China business — which it values at more than $13 billion — has struggled in recent years, thanks to the pandemic and intense competition. Hoping to compete with the likes of Luckin Coffee, Starbucks has offered discounts at its China stores, which has pushed down the average ticket price and the company's profits.
The Daily Dividend
Stellantis is making a $13 billion bet in the U.S. Here's why the Jeep and Ram parent is hoping the investment sparks a turnaround for the automaker.
watch now
|
PG&E Corporation
|
https://www.cnbc.com/2025/11/04/papa-johns-stock-falls-on-report-apollo-withdrew-take-private-deal.html?&qsearchterm=PG
|
Papa John's sinks 10% on report Apollo withdrew its offer to take chain private
| 2025-11-04T00:00:00
|
Neon signage glows at dusk outside a Papa John's International Inc. restaurant in Louisville, Kentucky, U.S., on Friday, May 1, 2015. Papa John's is expected release quarterly earnings results after the close of U.S. financial markets on May 5.
Shares of Papa John's sank 10% on Tuesday following a report that Apollo Global has withdrawn its offer to take the pizza chain private.
Reuters reported that the private equity firm backtracked on its bid, valued at $64 a share, about a week ago. The firm previously submitted an offer for Papa John's alongside Irth Capital Management, according to Reuters.
Apollo and Papa John's did not immediately respond to requests for comment.
Papa John's is preparing to release its third-quarter earnings report on Thursday. The company's stock is down nearly 30% in the last year.
The report comes as restaurants and other consumer-focused companies have been reporting sluggish sales amid rising inflation and costs.
Last week, Chipotle executives said the fast food chain saw a 0.8% traffic decline, marking the third straight quarter of declines and a pullback in consumers across all income cohorts. Procter & Gamble reported in October that its lower-income customers are significantly paring back their spending.
The report follows another significant deal development in the restaurant space. Earlier on Tuesday, Yum Brands said it plans to review strategic options for Pizza Hut, following years of struggles for the pizza chain.
|
DuPont
|
https://www.cnbc.com/2025/11/04/another-reason-to-like-eli-lilly-stock-and-duponts-spin-is-going-to-plan.html?&qsearchterm=DuPont
|
Wall Street gets another reason to like Eli Lilly stock, and DuPont's spin is going to plan
| 2025-11-04T00:00:00
|
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks were accelerating to the downside Tuesday afternoon. The S & P 500 fell more than 1%. The Nasdaq dropped nearly 2%, with tech stocks under pressure on concerns about lofty valuations after a big run. Despite these declines, the S & P 500 was only off about 1.5% from its record closing high one week ago. Drug deal : Eli Lilly shares were modestly higher in Tuesday's down market on reports that the company may soon strike a deal with the Trump administration over GLP-1 drug pricing. Lilly and rival Novo Nordisk could offer reduced prices for the lowest doses of its GLP-1 drugs under the TrumpRX plan, according to Endpoints News, a biotech publication. That would be in exchange for obesity coverage in Medicare and Medicaid programs. We'll see what happens over the next few days. If any drugmaker were in a position to make a deal with the White House, Eli Lilly would be the one. After all, the pharmaceutical giant has committed tens of billions of dollars to boost its U.S. manufacturing footprint. Value unlock: It's day two of the DuPont separation, and the early returns have been promising. Both new DuPont and spinoff Qnity Electronics were on track Tuesday to post back-to-back positive sessions. They have also seen their valuations trade closer to peers. On a pre-spin basis, DuPont closed at $81.65 last Friday. If you take Qnity's Tuesday afternoon stock price, multiply it by the one-for-two spin terms, and then add that into the new DuPont, the combined value is around $88 per share. That's good for a move of about 8% higher in an otherwise down market. Great news for us: the sum-of-the-parts valuation thesis from DuPont's spin is playing out like we hoped. Looking ahead, DuPont will post quarterly earnings on Thursday. Qnity management will provide a business update after Thursday's close. Up next: It's an important AI earnings night with Advanced Micro Devices , Arista Networks , Astera Labs , and Super Micro Computer all scheduled to report. Some other key earnings are Axon Enterprise , Cava, Toast , and Pinterest. Companies set to release results before Wednesday's opening bell include Novo Nordisk, McDonald's , Humana , Unity, and Sportradar . Investors will also get the October ADP employment report on Wednesday morning. It's an important reading since economic data has been scarce due to the government shutdown. Private employer jobs are expected to have increased by 37,500, according to consensus estimates on FactSet. That would be a notable improvement from ADP's 32,000 job decline in September. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
|
DuPont
|
https://www.cnbc.com/2025/11/03/jim-cramer-wants-to-load-up-on-more-shares-of-this-dupont-spinoff.html?&qsearchterm=DuPont
|
Why Jim Cramer wants to load up on more shares of this DuPont spinoff
| 2025-11-03T00:00:00
|
Qnity Electronics — now spun off from DuPont — moved higher in its public debut on the New York Stock Exchange on Monday. The stock quickly earned an endorsement from Jim Cramer. "We have a nice position in Qnity, but we don't own enough," Jim said during Monday's Morning Meeting . The Club received 812 shares of Qnity, one for every two DuPont shares the Club already owned. Qnity's weighting in the Charitable Trust is 2.04% as of Monday, compared to DuPont's 1.45% weighting. With its long-awaited split from DuPont in the rearview mirror, Jim touted Qnity as a great play on growth in semiconductors due to the artificial intelligence boom. This is especially true now that the former electronics division is not getting bogged down by DuPont's far-flung businesses — focusing on health care, water, and diversified industrials. We do, however, plan to keep our remaining DuPont shares for now. Q 5D mountain Qnity Electronics started trading on Monday, Nov. 3, 2025. Most of Qnity's business is focused on providing solutions for the semiconductor market, with more than 65% of the company's portfolio tied to the industry. Qnity makes the chemicals and materials used to produce semiconductors, which are utilized in powering everything from smartphones to AI data centers. Qnity forecasts the global market for semiconductors will surge to $1.3 trillion in 2030, up from $740 billion currently. A big reason for this growth is the need to build and retrofit data centers to run heavy AI workloads. Big tech companies are pouring billions upon billions of dollars into AI infrastructure, which should send more and more business to firms like Qnity. Qnity CEO Jon Kemp told CNBC on Monday that the company already derives roughly 15% of its sales from AI data centers. "We sit at the intersection of those transformative trends that are starting to transform the modern economy," he explained, also citing other markets like high-performance computing, robotics, autonomous driving, and factory automation. Qnity already has deep partnerships with tech behemoths like fellow Club holding Nvidia , chip manufacturer Taiwan Semi , and consumer electronics giant Samsung. "We are really well-positioned to power the chips that power the modern economy," Kemp said during a " Squawk on the Street " interview with Jim. Qnity plans to provide a business update after Thursday's closing bell. Wall Street analysts like what they hear about Qnity, too. In fact, analysts at BMO Capital Markets, KeyBanc, and RBC Capital all started coverage of the stock with buy-equivalent ratings last week. Wolfe Research followed suit Monday, with a buy and a $110 price target. Put it all together, and this makes Qnity a great name to help ride the unprecedented wave of growth in generative AI and semiconductors, more broadly. "This is a very important deal for people who are looking for a new way to play all the stuff we talk about all the time," Jim said Monday. Qnity shares closed up more than 2% in Monday's debut to around $97 each. DuPont shares, which were adjusted lower to reflect the split, rose nearly 2%. The Club plans to put out a Qnity price target and one for the remaining DuPont in the coming days, Jeff Marks, director of portfolio analysis, wrote in Monday's Homestretch . We will get a better idea of where things stand after DuPont reports earnings Thursday morning and Qnity updates investors Thursday evening. DD YTD mountain DuPont YTD (Jim Cramer's Charitable Trust is long Q, DD, NVDA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
|
Snap-on
|
https://www.cnbc.com/2025/11/04/snap-trump-food-shutdown.html?&qsearchterm=Snap-on
|
Trump suggests U.S. won't pay any SNAP benefits during shutdown, contradicting court filing
| 2025-11-04T00:00:00
|
A volunteer displays information on the Supplemental Nutritional Assistance Program (SNAP) at a grocery store in Dorchester, Massachusetts, US, on Monday, Nov. 3, 2025.
President Donald Trump on Tuesday suggested that the United States would not pay any SNAP benefits during the government shutdown, contradicting a court filing a day earlier by his administration.
Trump said that the benefits, which help feed 42 million Americans, will resume only after Democrats in Congress agree to pass a stopgap funding bill that would reopen the government.
The administration on Monday told a federal judge in Rhode Island that it would pay half of the costs of the SNAP benefits for November.
Trump on Tuesday said in a Truth Social post, "SNAP BENEFITS, which increased by Billions and Billions of Dollars (MANY FOLD!) during Crooked Joe Biden's disastrous term in office (Due to the fact that they were haphazardly 'handed' to anyone for the asking, as opposed to just those in need, which is the purpose of SNAP!), will be given only when the Radical Left Democrats open up government, which they can easily do, and not before!"
The White House, when asked by CNBC for clarification on Trump's statement given the court filing Monday, said, "Refer you to the President's truth."
White House press secretary Karoline Leavitt, at a briefing later, told reporters that "the administration is fully complying with the court order."
Leavitt said she had spoken to Trump about his post, and added, "The recipients of these SNAP benefits need to understand it's going to take some time to receive this money, because the Democrats have forced the administration into a very untenable position."
"We are digging into a contingency fund that is supposed to be for emergencies, catastrophes, for war, and the president does not want to have to tap into this fund in the future, and that's what he was referring to in his Truth Social post," Leavitt said.
She also said that the U.S. Department of Agriculture had issued guidance on Tuesday to individual states about the amount of money being disbursed to SNAP recipients.
The social media post came shortly after lawyers for plaintiffs in a court case challenging the administration's cessation of SNAP benefits told a federal judge in Rhode Island that the decision to pay partial benefits out of a contingency fund did not meet his prior order that any decision to make partial payments "cannot be arbitrary and capricious."
The judge, Jack McConnell, had told the administration on Friday that it needed to pay SNAP benefits as soon as possible out of a contingency fund, and that is also needed to investigate whether other federal funds could be used to keep the program fully funded in the absence of a new appropriation by Congress.
|
Snap-on
|
https://www.cnbc.com/2025/11/04/snap-food-bank-donations-hunger-relief.html?&qsearchterm=Snap-on
|
Donations to hunger relief organizations surge amid SNAP crisis: Here's how to give wisely
| 2025-11-04T00:00:00
|
watch now
The federal government shutdown, which has now stretched past a month, has put critical services in jeopardy, including the Supplemental Nutrition Assistance Program. To help fill the gap, individual donors are lending outsized support to hunger relief nonprofits. The SNAP program, formerly known as food stamps, is run by the U.S. Department of Agriculture and provides basic assistance to about 42 million people. The agency cautioned last month that food aid would be suspended as the shutdown drags on.
A sign hangs at a customer service area, as the U.S. President Donald Trump administration said it plans on Monday to partially fund food aid for millions of Americans after two judges ruled it must use contingency funds to pay for the benefits in November during the government shutdown, at a grocery story in Long Beach, New York, U.S., Nov. 3, 2025. Shannon Stapleton | Reuters
In a ruling on Friday, a federal judge in Rhode Island said the Trump administration could not cease paying SNAP benefits. On Sunday, Treasury Secretary Scott Bessent said payments could begin again by Wednesday. In court filings on Monday, the administration also said it would take steps to provide partial benefits using contingency funds. In the meantime, with hundreds of thousands of federal employees and contract workers furloughed and without pay, the need for SNAP food benefits is only increasing.
"[Monday's] announcement is an important first step, but it's not enough," Diane Yentel, president and CEO of the National Council of Nonprofits, an industry association, said in a statement. "Millions of families, children, and seniors remain at risk of delayed or reduced food assistance," she said. Local food banks are often the next line of defense. However, these nonprofits are also under pressure with federal funding on hold. "Food banks, shelters, and community organizations are stretched thin," Yentel said. "Every delay or reduction in SNAP benefits pushes more people toward emergency assistance and places additional strain on the nonprofit sector."
watch now
Donations to hunger relief efforts spike
Amid critical funding shortages, individual donors have stepped in to help the nonprofits, charities and public service organizations that provide support to families in need. Between Oct. 23 and Oct. 27, giving to hunger relief organizations surged roughly 587%, according to Charity Navigator, a third-party evaluator. "A lot of food banks are getting a tremendous increase in donations," said Charity Navigator's CEO Michael Thatcher. "Knowing that your neighbor is going hungry is not OK."
A resident browses donated food items in the pantry at Feeding South Florida in Pembroke Park, Florida, US, on Friday, Oct. 31, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images
|
Snap-on
|
https://www.cnbc.com/2025/11/04/asia-pacific-markets-tuesday-hang-seng-nikkei-kospi-australia-rba-rate-hkma-summit.html?&qsearchterm=Snap-on
|
South Korea's Kospi snaps 4-session winning streak as Asia-Pacific markets decline
| 2025-11-04T00:00:00
|
In this article NVDA Follow your favorite stocks CREATE FREE ACCOUNT
Pedestrians are reflected in a window as electronic boards display stock information at the Australian Securities Exchange, operated by ASX Ltd. on Aug. 6, 2024 in Sydney, Australia. Lisa Maree Williams | Getty Images News | Getty Images
Asia-Pacific markets fell Tuesday in the absence of any major triggers, after two key Wall Street indexes rose overnight on tech optimism. Amazon shares rose 4% on a $38 billion deal with OpenAI, a move that will use hundreds of thousands of Nvidia's graphics processing units. Nvidia also gained about 2% after it secured export licenses to ship its chips to the United Arab Emirates. Australia's S&P/ASX 200 fell 0.91% to 8,813.7 after the Reserve Bank of Australia kept its cash rate unchanged at 3.6%, citing concerns about higher inflation.
Japan's Nikkei 225 lost 1.74% to close at 51,497.2, and the Topix declined 0.65% to 3,310.14. South Korea's Kospi fell 2.37% to 4,121.74, while the small-cap Kosdaq climbed 1.31% to 926.57. The Kospi has gained in 12 of the past 15 sessions, hitting multiple fresh highs this month on the back of global AI tailwinds as well as local structural changes that are steadily eroding the long-standing "Korea discount." On Tuesday, South Korea also announced that it would triple AI spending in 2026, with President Lee Jae Myung reportedly saying that 10.1 trillion won ($7 billion) was earmarked for AI transformation, according to South Korean media outlet Yonhap. The budget, which is triple the 3.3 trillion won allocated for AI this year, will help South Korea become one of the world's top three AI powers, Lee said. Hong Kong's Hang Seng index lost 0.79% to 25,952.4 while mainland's CSI 300 declined 0.75% to 4,618.70.
|
Clorox
|
https://www.cnbc.com/2025/11/03/stocks-making-the-biggest-moves-after-hours-pltr-hims-clx.html?&qsearchterm=Clorox
|
Stocks making the biggest moves after hours: Palantir, Hims & Hers Health, Clorox and more
| 2025-11-03T00:00:00
|
Check out the companies making headlines in after-hours trading. Palantir Technologies — Shares of Palantir rose 1% in extended trading after the software company reported quarterly results that beat Wall Street's estimates , with government sales growing 52% from a year ago. Palantir earned 21 cents per share, after adjustments, on revenue of $1.18 billion for the period, while analysts polled by LSEG expected it to earn 17 cents per share on $1.09 billion in revenue. Palantir also gave better-than-expected fourth-quarter guidance as its commercial business, driven by its AI platform, continues to ramp up. Vertex Pharmaceuticals — The biotech stock lost 4% after it reported mixed third-quarter results. Vertex earned $4.80 per share, excluding items, on revenue of $3.08 billion. Although the company's profit came out lower than the $4.58 per share estimate from analysts surveyed by FactSet, revenue beat the $3.06 billion forecast. Diamondback Energy — Diamondback Energy stock lost 2% in after-hours trading. The oil and gas company said it would sell its subsidiary Viper Energy's non-Permian assets for $670 million in a transaction set to close in the first quarter of 2026. Diamondback also topped analysts' consensus expectations, posting an adjusted third-quarter profit of $3.08 per share while analysts forecasted $2.93 per share, per LSEG. The company's revenue of $3.92 billion for the period also exceeded analysts' forecast of $3.52 billion. Clorox — Shares of the cleaning products manufacturer rose more than 4% following the company's first-quarter results. Clorox posted adjusted earnings of 85 cents per share on revenue of $1.43 billion, while analysts surveyed by LSEG had estimated 79 cents per share and revenue of $1.40 billion. The company also reaffirmed its full-year guidance. Hims & Hers Health — Shares of the telehealth company jumped more than 6% after Hims & Hers beat third-quarter revenue expectations fueled by subscriber growth and "personalized" treatments. However, earnings fell short of estimates. The company reported $599 million in revenue, beating analysts' consensus expectation of $580 million. Hims & Hers earned 6 cents per share, falling short of the 10 cents per share analyst estimate. The Williams Companies — The energy company's stock moved lower by 3% on the back of disappointing third-quarter results. The company, which runs one of the largest natural gas pipeline networks in the U.S., posted adjusted earnings per share of 49 cents, falling short of the 51 cents per share expected by analysts polled by FactSet. Revenue for the period beat estimates, however. Upwork — Shares of the online marketplace, which connects freelancers to job opportunities, jumped nearly 14% after it raised its 2025 revenue forecast in the wake of strong third-quarter results. The company said it earned 36 cents per share, on a non-GAAP basis, on revenue of $201.7 million in the latest quarter. For the fourth quarter, Upwork now expects fourth-quarter revenue of between $193 million and $198 million, while profit should be between 31 cents and 33 cents per share after adjustments. IAC — The publisher's stock fell more than 7% as artificial intelligence search summaries siphoned off website traffic and third-quarter revenue fell short of estimates. IAC, which owns People and other websites, said revenue fell 8% to $589.8 million, shy of the $601.6 million estimate from LSEG. The company also lowered its 2025 adjusted EBITDA estimate. Lattice Semiconductor — The semiconductor company's stock fell nearly 6% despite reporting third-quarter earnings that topped esimates. Lattice earned 28 cents per share on an adjusted basis on revenue of $133.3 million. However, its forecast was disappointing. The company expects fourth-quarter revenue growth of 22%, while adjusted earnings per share should be in the range of 30 cents to 34 cents per share, after adjustments. Both estimates were below the analyst consensus, according to FactSet. — Sean Conlon and Christina Cheddar Berk contributed reporting.
|
Clorox
|
https://www.cnbc.com/2025/11/04/jim-cramers-top-10-things-to-watch-in-the-stock-market-tuesday.html?&qsearchterm=Clorox
|
Jim Cramer's top 10 things to watch in the stock market Tuesday
| 2025-11-04T00:00:00
|
My top 10 things to watch Tuesday, Nov. 4, Election Day 1. Palantir's quarterly beat and guidance raise were not good enough. Or, maybe, it's the paradox of an amazing company with a big market cap ahead of where most people think it deserves it. Shares of the software maker sank more than 8%. Besides a strong business, Palantir has a ridiculously high Rule of 40. That's when revenue growth and profit margin together should add up to 40%. Instead, Palantir saw revenue increase by 63% and profit margin rise by 51% during the quarter for a Rule of 40 score of 114%. 2. Eaton shares fell more than 4.5% this morning after the Club name reported a mixed third quarter. An earnings per share beat and a revenue miss were accompanied by a current quarter EPS guidance range at the midpoint that fell short of expectations. Eaton's biggest segment, Electrical Americas, also missed on revenue. Eaton makes all kinds of power management systems for data centers and other energy-intensive operations. 3. Uber reported third-quarter earnings before interest, taxes, depreciation, and amortization that basically matched estimates. Revenue beat. Shares, however, dropped more than 7%. The ride-hailing company issued a current quarter EBITDA guidance range that fell just short of expectations at the midpoint. 4. Yum! Brands delivered a solid third-quarter EPS beat and slightly better-than-expected revenue. Same-store sales grew 7% at Taco Bell and 3% at KFC — both beat estimates. The Pizza Hut chain saw comps decline 1%, though not as steep as expected. Management also said it would look at strategic options for Pizza Hut, which has struggled in recent years. 5. Starbucks announced the sale of a majority stake in its China business for $4 billion to Boyu Capital. Under the joint venture structure, the coffee chain will retain a 40% stake and maintain its rights to license its brand and intellectual property. Still, the news is a disappointment. We thought Starbucks China was worth more than this. Has management valuing the entire deal at $13 billion not stuck with anyone? Plus, China has been Starbucks' best growth market. 6. The S & P 500 and Nasdaq were on track for lower opens after Palantir's quarter fueled investor concerns about AI valuations. Other AI-related names were also weaker. Nvidia dropped 2%. This morning's action follows a mixed Monday for the market. The S & P 500 and Nasdaq secured gains, while the Dow ended the day lower. 7. Mizuho raised its price target on Club holding Amazon to $315 from $310. Analysts cited higher valuation multiples on increased conviction after the tech company's third-quarter earnings release. Today is not the day to talk about higher valuation multiples. 8. Club name Broadcom was named a top pick at Jefferies. Analysts also hiked the semiconductor stock's price target to $480 from $415 and maintained their buy rating. Jefferies, in part, cited accelerating demand from hyperscalers for their call. 9. BTIG hiked its CrowdStrike price target to $640 from $489, and maintained the firm's buy rating on shares. Analysts pointed to commentary from industry contacts that showed positive demand trends. The Club stock is trading slightly lower early this morning. 10. Wells Fargo lowered its Clorox price target to $117 from $125 following the firm's earnings report. Citi also brought the stock down to $120 from $130, as well. I thought the quarter was terrible and impossible to understand due to hangovers within management's transition to a new enterprise resource planning system. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
|
FactSet
|
https://www.cnbc.com/2025/11/04/stocks-making-biggest-moves-premarket-uber-srpt-pltr-nclh-and-more.html?&qsearchterm=FactSet
|
Stocks making the biggest moves premarket: Uber, Sarepta, Palantir, Norwegian Cruise and more
| 2025-11-04T00:00:00
|
Check out the companies making the biggest moves in premarket trading: Uber Technologies — The ride-sharing company fell 5% after saying fourth quarter adjusted EBITDA will range between $2.41 billion and $2.51 billion versus $2.47 billion expected by analysts polled by FactSet. Third-quarter revenue beat Wall Street's expectations, at $13.47 billion versus the $13.28 billion expected from analysts polled by LSEG. It was unclear if earnings of $3.11 per share compared to a 68-cent consensus estimate. Norwegian Cruise Line Holdings — The cruise operator dropped more than 10% after third-quarter revenue of $2.94 billion missed the $3.02 billion expected by analysts surveyed by FactSet. Adjusted earnings came in above expectations. Shares of Royal Caribbean and Carnival both fell about 4%in sympathy. Spotify Technology — The music streaming platform rose nearly 5% after third-quarter revenue of 4.27 billion euros topped the 4.23 billion euros expected from analysts polled by LSEG. Yum Brands — The restaurant operator's shares rose 2% after it reported quarterly earnings and revenue growth , fueled by strong demand for Taco Bell and improved U.S. sales for KFC. The chain announced plans to review strategic options for Pizza Hut. Sarepta Therapeutics — Shares plunged 35% after the biotechnology company said a late-stage study testing two gene-targeted therapies for Duchenne muscular dystrophy did not meet the main goal . Palantir Technologies — Shares slipped 7% after Palantir fiscal fourth-quarter earnings and revenue beat estimates and it raised its current-quarter and full year revenue guidance. Expectations were high going into the report however, with Palantir jumping 20% in the past month and nearly 30% in the past three. Henry Schein — The medical products provider jumped 8% on the back third-quarter adjusted earnings of $1.38 per share that topped the $1.28 FactSet consensus estimate. Revenue was $3.34 billion compared to the $3.28 billion expected by analysts and the company also raised its full-year guidance. Upwork — Shares surged 20% after the freelance work platform's third-quarter earnings surpassed expectations. Upwork earned an adjusted 36 cents, topping a consensus estimate of 29 cents expected by analysts polled by FactSet. Revenue of $201.7 million exceeded the $193.3 million average estimate. Victoria's Secret — The specialty retailer sank nearly 4% after a Wall Street Journal report that BBRC International, which has about a 13% stake in Victoria's Secret, sent a letter this week to the company's board of directors calling for the removal of chair Donna James and asking for a seat on the board. DraftKings , Flutter Entertainment — The online gambling platforms both fell nearly 3% after being downgraded to neutral from buy at Bank of America Securities, which cited concerns about volatility, long-term earnings and tax headwinds. The bank has concerns about Flutter's structural hold and a UK tax review. Archer-Daniels-Midland — The global agriculture company tumbled nearly 8% after cutting adjusted earnings guidance for the full year. Third-quarter results, however, beat analyst expectations. Ferrari — U.S.-listed shares of Ferrari rose 1% after the Italian carmaker posted third-quarter earnings that beat analyst expectations. Ferrari posted a net profit of 382 million euros, topping an LSEG estimate of 367 million euros. Vertex Pharmaceuticals — The biotech company fell 3% after issuing mixed third-quarter results. Vertex earned an adjusted $4.80 per share on revenue of $3.08 billion, versus the adjusted earnings of $4.58 per share on $3.06 billion of revenue expected by analysts polled by FactSet. IAC — The media owner of People and Care.com fell 4.5% after quarterly results missed analyst estimates and it lowered full-year guidance. IAC earned adjusted EBITDA of $29.1 million in the third quarter, below the $51.3 million that analysts polled by FactSet had penciled in. Revenue of $589.8 million also missed the consensus estimate of $601.2 million. Eaton — The power management company slid 4% on lackluster third-quarter results . Eaton reported adjusted earnings of $3.07 on revenue of $6.99 billion, while analysts polled by FactSet expected earnings of $3.05 per share on revenue of $7.07 billion. — CNBC's Fred Imbert, Lisa Han, Sarah Min, Sean Conlon and Yun Li contributed reporting. Correction: IAC owns People and Care.com. An earlier version of this story misstated the properties the media company owns.
|
FactSet
|
https://www.cnbc.com/2025/11/04/stocks-making-the-biggest-moves-midday-uber-htz-nclh-yum-pltr.html?&qsearchterm=FactSet
|
Stocks making the biggest moves midday: Uber, Hertz, Norwegian Cruise, Yum, Palantir and more
| 2025-11-04T00:00:00
|
Check out the companies making the biggest moves midday: Denny's — The diner chain rallied 50% after it announced it would be acquired by private equity firm TriArtisan Capital Advisors for $620 million, or $6.25 per share, in cash. The deal represents a 52% premium from Monday's close and is expected to close in the first quarter of next year. Hertz — The car rental company and meme stock surged more than 42% on much better-than-expected third-quarter results . Hertz posted a profit of 12 cents per share, excluding certain items, on revenue of $2.48 billion. Analysts polled by FactSet had forecast earnings of 3 cents per share on revenue of $2.39 billion. Zoetis -- The animal health company tumbled 12% and hit a 52-week low after lowering its full-year revenue guidance. Zoetis now anticipates revenue in the range of $9.4 billion to $9.475 billion, compared with its prior guidance of $9.45 billion to $9.6 billion. Analysts surveyed by FactSet were expecting to hear $9.51 billion. Uber Technologies — The ride-sharing company fell 7% after saying fourth-quarter adjusted EBITDA will range between $2.41 billion and $2.51 billion versus $2.47 billion expected by analysts polled by FactSet. Third-quarter revenue beat Wall Street's expectations, at $13.47 billion versus the $13.28 billion expected, per LSEG. Wingstop — The fast food chain shares soared nearly 14% after the company reported same-store sales growth of 5.6%. That came in much higher than a 3.2% growth estimate per StreetAccount. Sanmina — Shares of the optical and electronic products manufacturer jumped more than 16% after fiscal fourth-quarter results beat Street estimates and its first-quarter earnings forecast was also stronger than expected. Lattice Semiconductor — The semiconductor company tumbled more than 8% after its third-quarter earnings failed to impress investors. Lattice earned 28 cents per share on a non-GAAP basis, matching a FactSet estimate. Norwegian Cruise Line Holdings — The cruise operator dropped about 14% after third-quarter revenue of $2.94 billion missed the $3.02 billion expected by analysts surveyed by FactSet. Adjusted earnings came in above expectations. Shares of Royal Caribbean and Carnival both fell 5% and 8%, respectively, in sympathy. Yum Brands — The restaurant operator's shares rose nearly 7% after it reported quarterly earnings and revenue growth , fueled by strong demand at Taco Bell and improved U.S. sales for KFC. The chain announced plans to review strategic options for Pizza Hut. Sarepta Therapeutics — Shares plunged 34% after the biotechnology company said a late-stage study testing two gene-targeted therapies for Duchenne muscular dystrophy did not meet the main goal . Palantir Technologies — Shares dropped 7% after Palantir fiscal fourth-quarter earnings and revenue beat estimates and it raised its current-quarter and full year revenue guidance. Expectations were high going into the report however, with Palantir jumping 20% in the past month and nearly 30% in the past three. Henry Schein — The medical products provider jumped about 10% on the back third-quarter adjusted earnings of $1.38 per share that topped the $1.28 FactSet consensus estimate. Revenue was $3.34 billion compared to the $3.28 billion expected by analysts and the company also raised its full-year guidance. Upwork — Shares surged 7% after the freelance work platform's third-quarter earnings surpassed expectations. Upwork earned an adjusted 36 cents, topping a consensus estimate of 29 cents expected by analysts polled by FactSet. Revenue of $201.7 million exceeded the $193.3 million average estimate. — CNBC's Fred Imbert, Lisa Han, Sarah Min, Sean Conlon and Yun Li contributed reporting.
|
FactSet
|
https://www.cnbc.com/2025/11/04/eaton-stock-cuts-post-earnings-losses-as-investors-reconsider-knee-jerk-selling.html?&qsearchterm=FactSet
|
Eaton stock cuts its post-earnings losses as investors reconsider their knee-jerk selling
| 2025-11-04T00:00:00
|
Electrical equipment supplier Eaton — whose products are essential to AI data centers — reported a mixed third quarter on Tuesday morning, which was pressuring shares. Adjusted earnings per share for the quarter ended in September rose 8% from the year-ago period to $3.07, a 2-cent beat of the LSEG compiled analyst consensus estimate. Revenue rose 10% to $6.99 billion, but missed the LSEG compiled analyst consensus estimate of $7.08 billion. Organic sales , which exclude a 3% benefit from acquisitions, grew 7%, short of the FactSet estimate for an 8.6% increase. ETN YTD mountain Eaton YTD Shares were down as much as 9% to $352 each at one point Tuesday morning. However, they had a strong bounce off the lows as the post-earnings conference call progressed. We found the call to be very upbeat. Given the amount of mega projects underway and robust data center spend — which we also know from the hyperscalers' earnings last week — it's clear that the strong secular tailwinds driving Eaton's growth are well intact. We, therefore, reiterate our $400 price target and our 2 rating . Should shares revisit the $360 area seen before the call, we would be likely to reassess our rating. Bottom line While the headline results were uneven, there was still a lot to like about Eaton's quarter. Underlying indicators pointed to more growth ahead. Sales may have missed, but they do mark a third-quarter record as Eaton continues to benefit from the growing demand for electrical equipment across industries. Overall segment profit and profit margin outpaced expectations — both achieving new quarterly records as well. Why we own it Eaton has exposure to several important megatrends like electrification, energy transition, and infrastructure spending. It is also a player in generative AI, where data centers use its power management solutions and electrical equipment to keep up with the heightened demand for more computing power. We see a long runway for growth. Competitors : Parker-Hannifin , DuPont and Honeywell Most recent buy : April 3, 2025 Initiated : Nov. 15, 2023 Looking ahead, the largest of Eaton's five operating segments, Electrical Americas, saw orders on a rolling 12-month basis accelerate to growth of 7%. That was driven by strong data center demand. In Aerospace, orders advanced 11%. The combined book-to-bill for both segments was 1.1 times — indicating that demand is exceeding supply. Electrical Americas and Aerospace realized backlog growth of 20% and 15%, respectively. "As we continued to deliver robust growth in the data center market, our orders accelerated 70% and our sales were up 40% versus Q3 2024," Eaton CEO Paulo Ruiz said on the post-earnings call. "This strong demand picture gives us confidence in our ability to deliver sustained growth and value to shareholders." To get a sense of how impactful this AI data center build is for Eaton, consider this explanation from Ruiz on the call. "If you look at the data before the advent of gen AI, the power used in a typical rack was in the 10 to 15 kilowatt range. ... The power in each one of those racks is just skyrocketing. Take Nvidia, for example, its GB200 chip, unveiled in 2024, uses 120 kilowatts per rack. Fast forward a year, to 2025, and Nvidia's GB300 chip now uses 180 kilowatts per rack. And it's only increasing from there. Nvidia's Rubin chip is expected to use 600 kilowatts per rack, and its Feynman chip, 1000 kilowatts per rack. Now, in addition to these higher power chips requiring more and more electrical equipment, which is a great thing for our business, once you get above roughly 50 kilowatts per rack, traditional air cooling is replaced by liquid cooling." That's where Eaton's acquisition of Boyd Corporation's thermal business comes in. The $9.5 billion deal, announced Monday morning, brings a liquid cooling specialist on board. Boyd Thermal had forecasted sales of $1.7 billion for 2026 — nearly 90% of which is in liquid cooling. On the earnings call, Ruiz said Eaton expects to achieve those Boyd Thermal sales numbers at "adjusted EBITDA margin of 25%." EBITDA stands for earnings before interest, taxes, depreciation, and amortization. Management estimates the global market for liquid cooling will grow roughly 2.5 times by 2028 to $8 billion to $9 billion. By 2030, the team thinks the market could expand to $15 billion to $18 billion. Ruiz also said, "On the dollars per megawatt, our range was between $1.2 million to $2.4 million per megawatt, being the lower-end cloud and being the higher-end AI loads for the portfolio we have today. And with the acquisition of Boyd, we're going to add another $500,000, so we'll be close to $3 million per megawatt at the high end." Guidance Management reaffirmed its full-year outlook: Organic growth between 8.5% and 9.5%, in line with the FactSet consensus estimate, at the midpoint Segment margin between 24.1% and 24.5%, about in line with estimates, at the midpoint. Adjusted EPS in the range of $11.97 to $12.17, above the $12.04 consensus estimate, according to LSEG, at the midpoint. As for the current (fourth) quarter, management forecasted: Organic growth in the range of 10% to 12%, in line with the FactSet estimates, at the midpoint Segment margins between 24.2% to 24.6% Adjusted EPS in the range of $3.23 to $3.43, a miss versus the $3.38 LSEG consensus estimate, at the midpoint. Looking at 2026, management provided some initial assumptions relating to end-market dynamics: Data centers and distributed IT, and electric vehicle markets stand to realize "strong/double-digit growth" Utility, commercial aerospace, and defense aerospace markets are expected to realize "solid growth" Commercial and institutional, and machinery/mechanical original equipment manufacturer (MOEM) markets are expected to realize "modest growth" Industrial facilities, internal combustion engine (ICE) light vehicles, commercial vehicles, and residential end markets are forecast to see "slight growth" (Jim Cramer's Charitable Trust is long ETN. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
|
Nvidia
|
https://www.cnbc.com/2025/11/04/nvidia-joins-2-billion-india-deep-tech-alliance-to-mentor-ai-startups.html?&qsearchterm=Nvidia
|
Nvidia deepens India footprint with $2 billion deep tech alliance to mentor AI startups
| 2025-11-04T00:00:00
|
Co-founder and CEO of Nvidia Jensen Huang spoke to journalists during a trip to Beijing in July.
Nvidia will help train and mentor emerging deep tech startups in India as a founding member of a $2 billion investment alliance, deepening its presence in the world's third-largest startup ecosystem.
The U.S. chipmaker has joined the India Deep Tech Alliance (IDTA) — a group of private equity and venture capital investors pledging $2 billion for deep tech investments — as a founding member. Deep tech startups are an umbrella term for emerging companies in semiconductors, space, AI, biotech, robotics, and energy.
The world's most valuable company will offer technical talks and training through its Nvidia Deep Learning Institute to emerging startups in India.
Nvidia wants to "provide guidance on AI systems, developer enablement, and responsible deployment, and to collaborate with policymakers, investors, and entrepreneurs," Vishal Dhupar, Nvidia's managing director of South Asia, said.
Nvidia did not disclose any financial investment, timeline, or training targets, and did not immediately respond to a CNBC request for comment.
"Nvidia's depth of expertise in AI systems, software, and ecosystem-building will benefit our network of investors and entrepreneurs," said Sriram Viswanathan, founding executive council member of the IDTA.
He told CNBC that the pace of innovation is accelerating in India and there could be a "significant number of Indian deep tech companies of global repute" in the next five years.
The Indian government is also actively encouraging research and innovation in the deep tech space through major initiatives, including over 100 billion rupees ($1.1 billion USD) under its AI Mission and a separate 1 trillion rupees ($11.2 billion) Research, Development and Innovation Scheme Fund targeting deep tech companies.
On Monday, Indian Prime Minister Narendra Modi announced that the country will host the AI Impact Summit in February next year.
The event is likely to see the participation of heads of state and top policymakers, along with business leaders such as Jensen Huang, chief executive officer of NVIDIA, and Demis Hassabis, CEO of Google DeepMind.
Nvidia's commitment in India coincides with rising global interest in India's AI market, where OpenAI counts the country as its second-largest user base. U.S. rivals are also deepening ties: Google recently pledged $15 billion to build an AI hub in the southern city of Visakhapatnam.
|
Nvidia
|
https://www.cnbc.com/2025/11/04/karp-big-short-burry-palantir-nvidia.html?&qsearchterm=Nvidia
|
Alex Karp blasts 'Big Short' investor Michael Burry as 'bats--- crazy' for bets against Palantir, Nvidia
| 2025-11-04T00:00:00
|
Palantir CEO Alex Karp ranted against short sellers, calling out specifically Michael Burry after a filing revealed the investor of "The Big Short" fame had bets against the artificial intelligence software company, as well as Nvidia , at the end of the last quarter.
"The two companies he's shorting are the ones making all the money, which is super weird," Karp told CNBC's "Squawk Box" on Tuesday. "The idea that chips and ontology is what you want to short is bats--- crazy."
"He's actually putting a short on AI. ... It was us and Nvidia," Karp added.
When reached via email by CNBC seeking comment on Karp's remarks, Burry declined to comment.
Palantir shares slid 8% on Tuesday even after the software company beat Wall Street estimates for the third quarter and offered upbeat guidance. Investors have grown increasingly wary of lofty valuations in AI-linked names. Palantir's stock, which was up 173% for the year heading into Tuesday's trading, has a forward price-earnings ratio of 228. Nvidia fell 4% after gaining over 50% this year.
"I do think this behavior is egregious and I'm going to be dancing around when it's proven wrong," said Karp of short sellers.
Burry's hedge fund, Scion Asset Management, disclosed put options with a notional value of about $187 million against Nvidia and $912 million against Palantir as of Sept. 30. in a filing. The filing didn't specify the strike prices or expiration dates of the contracts.
It's unclear whether Burry is profiting from Tuesday's declines. The filing reflects his positions at the end of September, and he may have since adjusted his portfolio by now. Burry declined to comment on his positions.
"It's not even clear he's shorting us. It's probably just, 'How do I get my position out and not look like a fool?'" Karp said.
The disclosure comes after Burry hinted at renewed caution in markets in a cryptic post on X last week.
"Sometimes, we see bubbles. Sometimes, there is something to do about it. Sometimes, the only winning move is not to play," he wrote to his 1.3 million followers on the platform.
Burry gained fame for his prescient bet against mortgage-backed securities before the 2008 financial crisis, a trade chronicled in Michael Lewis' book "The Big Short" and the Oscar-winning film of the same name.
"With the shorts it's very complex ... honestly I think what's going on here is market manipulation," Karp said. "We delivered the best results anyone's ever seen. It's not even clear he's not doing this to get out of his position. I mean these people, they claim to be ethical, but they are actually shorting one of the great businesses of the world."
|
Nvidia
|
https://www.cnbc.com/2025/11/04/tuesday-analyst-calls-with-stocks-like-nvidia.html?&qsearchterm=Nvidia
|
Here are Tuesday's biggest analyst calls of the day: Nvidia, Apple, CoreWeave, Broadcom, Tesla, Amazon & more
| 2025-11-04T00:00:00
|
Here are Tuesday's biggest calls on Wall Street: Bank of America reiterates Apple as buy The firm said it's sticking with Apple after checks show App Store revenue grew . "For the month of October, App store rev increased +8.8% y/y globally, outpacing app store download growth of +0.4% y/y. Reiterate Buy on strong capital returns, eventually winner at AI at the edge & optionality from new products/markets. PO stays at $325 on 32x C27E EPS of $10.11." Barclays reiterates Tesla as equal weight Barclays called the Tesla shareholder vote later this week "critical." "Tesla's upcoming Annual Shareholder Meeting will be a critical event, with two key votes on Elon's compensation meant to solidify the potential path to his desired ~25% ownership." Bank of America reiterates Palantir as buy Bank of America says Palantir is best positioned for AI following earnings on Monday. "We reiterate our Buy rating and raise our PO to $255 (from $215) which reflects our confidence in PTLR's enduring position and better than expected growth on a 15x EV/EBITDA on 2035E." Read more . Evercore ISI downgrades Kimberly-Clark to in line from outperform Evercore said it likes the company's deal for Kenvue but that it's still concerned about rising competition. "Strategically, Kimberly made an opportunistic and gutsy move, which alters KMB shares' story and changes the firm's earnings power, growth potential, competitive sets, and geographic scope." Jefferies reiterates Broadcom and Nvidia as buy Jefferies said Broadcom has "estimate upside" and raised its price target on the stock to $480 per share from $415. The firm also raised its price target on Nvidia to $240 per share from $220. "AVGO moves back to our Top Pick and designate Franchise Pick based on outsized upside relative to estimates." Read more. Wells Fargo upgrades Knife River to overweight from equal weight Wells said buy the dip on the construction materials company. "We upgrade KNF to Overweight from Equal Weight after significant underperformance to peers in recent wks." Wells Fargo upgrades Inspire Medical to overweight from equal weight Wells said it's getting more bullish on the med tech company. "We are upgrading INSP shares to OW from EW following a clean Q3 print & reset of 2026 outlook." Jefferies upgrades Red Rock Resorts to buy from hold Jefferies said the casino company is too attractive to ignore. "RRR edged past sellside estimates by ~3%, but buyside expectations were higher, resulting in the shares selling off by 10% for the week." Baird upgrades WM to outperform from neutral Baird said buy the dip in the waste management company. "With shares significantly underperforming YTD and risk/reward compelling, we are upgrading WM to Outperform." Mizuho reiterates Amazon as buy The firm raised its price target on the stock and says it likes Amazon's deal with OpenAI. "We reiterate our Outperform rating and increase our PT to $315 (from $300 prev) reflecting higher multiples on increased confidence post the 3Q print / commentary / OpenAI deal." Citi reiterates CoreWeave as buy Citi raised its price target on the stock to $192 per share from $164. "In the near term, we see CRWV as one of the larger AI beneficiaries across our coverage." TD Cowen upgrades Napco Security to buy from hold TD Cowen upgrades the security services company following earnings. " NAPCO began its fiscal year with strong results virtually across the board." Bank of America downgrades DraftKings to neutral from buy Bank of America said it sees a slew of negative catalysts for the gaming and gambling company. "We are downgrading shares of DraftKings to Neutral. Why now? 1) sports outcomes in Q3 and Q4 again raise concerns around volatility and long-term earnings power, 2) DKNG has underperformed in iGaming, 3) state tax headwinds are unlikely to go away, and 4) the prediction markets present a challenging narrative near-term."
|
Nvidia
|
https://www.cnbc.com/2025/11/05/analyst-calls-wednesday-include-nvidia-tesla-amd-oreilly-and-more.html?&qsearchterm=Nvidia
|
Here are the Wednesday's biggest analyst calls: Nvidia, Tesla, AMD, Rivian, Yum! Brands, O'Reilly & more
| 2025-11-05T00:00:00
|
Here are the biggest calls on Wall Street on Wednesday: KeyBanc upgrades Real Real to overweight from sector weight KeyBanc says the used clothing retailer's stock is at an inflection point. "After further examination, we are upgrading REAL to Overweight and establishing a $16 PT prior to next week's earnings release." Raymond James upgrades O'Reilly to outperform from market perform The investment bank says the auto parts retailer has an attractive entry point. "We upgrade ORLY to Outperform (from Market Perform) following a clean 3Q25 report and a better entry after the recent ~14% pullback from the 52-week high." Evercore ISI upgrades Yum! Brands to outperform from in line Evercore says the owner of brands including KFC and Taco Bell is in "rarified air." "With an anticipated sale of Pizza Hut, our 2027e EPS drops from $7.64 to ~$7.10. That said, after the spin-off, we are modeling higher — and more consistent — profit growth and EPS of 9% and 13%. This sort of performance and visibility would place YUM in rarified air in the consumer space which could cause a valuation to eclipse our targeted 25x." Read more. Evercore ISI upgrades Welltower to outperform from in line Evercore upgrades the healthcare real estate investment trust following earnings and says shares of Welltower have plenty more room to run. "On the heels of a very strong Q3 print last week, our '25, '26 & '27 ests are rising again along with our PT which jumps from $183 to $208 and we are upgrading the stock from In Line to Outperform." UBS reiterates Advanced Micro Devices as buy UBS raises its price target to $300 per share from $265 ahead of earnings on Tuesday. "With its first Analyst Day since before ChatGPT taking place next week, there wasn't likely to be a ton new at earnings to swing the debate - and that was indeed the case. Set against the rally in shares into this report, we could see a pullback tomorrow. That said, we would not get cute here ahead of the Analyst Day because AMD probably lays out a path of $15-20 in EPS later this decade and AWS is probably still out there as a catalyst too." Read more. JPMorgan downgrades Archer-Daniels Midland to underweight from neutral JPMorgan says it sees "profit headwinds" for the stock. "We are downgrading the ADM shares to Underweight from Neutral. The stock was flat at time of writing (vs. SPX flat) following a 3Q25 earnings beat but a guidance cut that suggests its profit headwinds extend beyond a lack of clarity on U.S. biofuel policies and trade relations with China." Citigroup upgrades Kirby to buy from hold Citi says the industrial services provider is an AI and data center beneficiary. "We upgrade KEX to Buy from Neutral on favorable risk-reward from AI/datacenter tailwinds driving the rapidly-growing Power Generation business that manufactures, distributes, and services power generation systems and power distribution equipment for the datacenter industry, among others." Canaccord upgrades Thomson Reuters to buy from hold Canaccord says it sees "upside to growth expectations." "We see the sell-off in the stock (from over US$200 in July) as an opportunity to upgrade, given our view that TRI's growth prospect remain intact, and could get stronger despite an evolving competitive landscape." BMO upgrades Boise Cascade to outperform from market perform BMO says in an upgrade of Boise Cascade that the building materials company has a "robust" balance sheet. "While housing demand is likely to be choppy in the near term, we think the current stock price offers a very attractive entry point for patient long-term investors. Balance sheet is robust." Wedbush reiterates Tesla as outperform Wedbush says it's sticking with the stock ahead of Thursday's shareholder meeting. "We expect Musk to get overwhelming shareholder approval on the potential $1 trillion pay package despite some opposition from various shareholders/ISS and send a loud and clear message to Elon being "wartime CEO" during this most important chapter of growth in Tesla's history as the AI Revolution is here. We maintain OUTPERFORM and $600 PT." Bank of America reiterates Pinterest as buy The bank says Pinterest shares are oversold but that's standing by the stock following earnings. "We roll forward our valuation framework to 2027 EBITDA estimates and lower our PO to $39 from $44 based a lower 14x multiple , reflecting lower out year growth. We think bigger buybacks could be a sentiment positive at current levels." Morgan Stanley reiterates Alphabet as overweight Morgan Stanley says Alphabet's Google Cloud could grow "50%+ in 2026." "We view Google Cloud growth as continued driver of GOOGL multiple expansion and AI-driven outperformance. Remain OW, $330 PT." Goldman Sachs reiterates Rivian at neutral Goldman says it's sticking with its neutral rating following Rivian 's earnings. "We maintain our Neutral rating on the stock. We believe the progress the company made with COGS [cost of good sold] was a positive, as COGS declined to $96K per vehicle (down about $22K qoq and $19K yoy) driven by material cost reductions." Melius reiterates Broadcom and Nvidia as buys Melius says Broadcom and Nvidia are cloud capex leaders. "We just raised our 2026 and 2027 estimates for cloud capex (6 companies) by $85B and $192B, respectively, with 50%+ of that upside to be spent on compute/networking. Nvidia takes the biggest chunk of that, followed by Broadcom. " Loop reiterates Super Micro as buy Loop says it remains bullish on the stock following earnings on Tuesday. "Reiterating our Buy and $60 PT post SMCI's Sep Q EPS as our FY2027 EPS doesn't change ($3.00) 'tho the complexion of getting there has."
|
Nvidia
|
https://www.cnbc.com/video/2025/11/03/openai-bets-on-nvidia-and-amazon-in-new-cloud-deal.html?&qsearchterm=Nvidia
|
OpenAI bets on Nvidia and Amazon in new cloud deal
| 2025-11-03T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
OpenAI bets on Nvidia and Amazon in new cloud deal
CNBC's MacKenzie Sigalos reports on OpenAI’s first-ever compute deal with Amazon Web Services, choosing Nvidia chips over in-house options as it ramps up infrastructure beyond Microsoft Azure and Google Cloud.
|
Microsoft
|
https://www.cnbc.com/video/2025/11/05/final-trades-welltower-dell-microsoft-and-the-iyc.html?&qsearchterm=Microsoft
|
Final Trades: Welltower, Dell, Microsoft, and the IYC
| 2025-11-05T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Final Trades: Welltower, Dell, Microsoft, and the IYC
The Investment Committee give you their top stocks to watch for the second half.
|
Amazon
|
https://www.cnbc.com/2025/11/05/amazon-upheaval-andy-jassy-looks-for-next-big-play-after-mass-layoffs.html?&qsearchterm=Amazon
|
Amazon upheaval: With morale shaken, Jassy looks for next big play after mass layoffs
| 2025-11-05T00:00:00
|
In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNT
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images
Amazon CEO Andy Jassy sat on a stage in a Seattle conference center in September, looking out at an audience of thousands of sellers who'd traveled from around the world to the company's hometown. He used the moment to lay out a vision for how he wants Amazon to operate like the "world's largest startup," getting rid of bureaucracy in order to move faster and stay competitive. "We're working hard to try to flatten our organization and have fewer layers because in the very earliest days of Amazon, it's been true for many years, we had very high ownership at every level of the organization, including on the frontline," Jassy said at the event. Jassy, who took the helm from founder Jeff Bezos in 2021, has embarked on a major overhaul of Amazon's corporate culture in recent years, including a hard pivot back to in-office work, with Covid largely in the rearview mirror, and a push for employees to do more with less. The starkest example came last week, when Amazon announced it would lay off about 14,000 corporate employees and said more cuts are expected soon. During Amazon's earnings call on Thursday, Jassy used a familiar line when asked about the reductions. "As a leadership team, we are committed to operating like the world's largest startup," Jassy said. "And that means removing layers."
The next big wave of cuts is expected to start in January, CNBC has learned, after the holiday rush and Amazon's annual re:Invent cloud conference, which is held in early December. Amazon's stores and human resources division, known as people experience and technology, are among the units that will be impacted, according to two people familiar with the matter who asked not to be named because the details are confidential. In total, it's expected to add up to the largest round of corporate layoffs in Amazon's 31-year history, CNBC previously reported. Amazon has been trimming head count across the company since late 2022, resulting in more than 27,000 job cuts. Reductions have continued of late, though at a smaller scale. Layoffs have been announced at companies across the tech, retail, auto and shipping industries in recent months, with executives citing myriad reasons, from artificial intelligence and tariffs to shifting business priorities and broader cost-cutting efforts. Meta , Google , Intel and others have also sought to reduce management layers or organizational bloat in hopes of boosting efficiency. Before Amazon's better-than-expected third-quarter earnings report late last week, Wall Street was taking a skeptical eye toward the company. The stock was very narrowly up for the year, badly trailing the broader market and Amazon's megacap peers. However, a 14% jump over two trading days put the stock solidly in the green and lifted it to a record close Monday. But as Jassy tries to reshape the company, plenty of hurdles remain, including rising costs, heightened cloud competition, delays at Alexa and what some employees describe as flagging morale. While Amazon's core e-commerce unit remains healthy, Amazon and other retailers have been navigating the uncertainty of President Donald Trump's shifting tariff policies, which threaten to increase costs and dampen consumer demand. Amazon Web Services, the dominant cloud infrastructure provider, has come under pressure from rivals Microsoft and Google , which are growing faster. AWS is also battling a perception that it's a laggard in signing key artificial intelligence infrastructure deals. Amazon's $38 billion cloud agreement with OpenAI, announced Monday, could help ease some of those concerns.
watch now
Meanwhile, Amazon's 11-year-old Alexa service, an early leader in the voice assistant market, was slow to bring to market an enhanced version, with competition building from generative AI companies, namely OpenAI. Amazon released Alexa+ in February. But it's unclear how well the upgraded Alexa, as well as companion devices that debuted in September, will fare against rivals and whether consumers will rush to buy them over the holidays. Jassy has been searching for Amazon's next opportunity, or "pillar," for growth after e-commerce, cloud and its Prime membership program. The company has made big bets on satellite internet, health care, grocery, entertainment and self-driving vehicles, but with varying degrees of success.
Widespread cuts
The layoffs hit nearly all of Amazon's business units, from logistics, AWS, retail and grocery stores to Prime Video, advertising and gaming, according to people familiar with the matter and employee posts on LinkedIn. Jassy told investors last week that the cuts weren't triggered by financial strain or AI replacing workers. He said he's responding to a "culture" issue inside the company, spurred in part by a multiyear hiring spree that left it with "a lot more layers" and slower decision-making. Current and former staffers, most of whom asked not to be named in order to speak candidly on the subject, told CNBC that several years of persistent cost cutting and layoffs have damaged morale, while pressure has simultaneously been building to innovate faster, especially around AI. Amazon declined to comment. Jassy outlined his plan to flatten Amazon's structure in September 2024, at the same time that he instructed staffers to return to five days a week in the office. He set a goal for each major organization inside Amazon to increase the ratio of individual contributors to managers by at least 15% by the end of the first quarter of 2025. He also established a "no bureaucracy email alias" for employees to flag unnecessary processes or rules. In September of this year, Jassy said that led to about 455 changes inside the company. Jassy's cost cuts haven't just been around layoffs. He's shuttered several of Amazon's physical store chains and axed some of its more unprofitable or unproven bets, including a roving sidewalk robot, telehealth service, health and fitness wearable, and a virtual tours initiative. An employee in Amazon's cloud unit said in an interview that efforts to slash management layers and reduce costs have made staffers feel like they're under an "incredible amount of pressure" and "burdened with more work" than before. The potential for more layoffs next year has created further anxiety, the person added.
watch now
A staffer in Amazon's customer support division who was laid off last week after 15 years at the company described how the push to flatten organizations meant "they remove people but not the work." The person said senior leadership appears "extremely disconnected from the workers." In the memo announcing the latest layoffs, human resources chief Beth Galetti used the phrase "staying nimble" in the headline. It quickly became a meme on internal Slack channels and in Reddit threads. One image posted on Slack shows Keanu Reeves in "The Matrix," labeled with the word "employees," attempting to dodge a bullet labeled "Staying nimble, getting stronger, reducing layers, shifting resources." Another meme shows a cat with the animatronic bear from "Five Nights at Freddy's," a popular horror video game, lurking behind it and labeled with the title of the memo, "Staying nimble and continuing to strengthen our organizations." That's not to say the changes are universally opposed. An AWS employee told CNBC that some organizations became too bloated and that fewer layers would help speed up decision-making. A former manager in Amazon's retail business said the company overhired in recent years, creating too many layers of management.
AI doubts
Then there's the impact of AI. In June, Jassy said efficiency gains from using AI internally would shrink Amazon's corporate staff in the coming years. The company is already reining in the growth of its white-collar workforce. At the same time, Amazon is racing to keep up with the other hyperscalers by aggressively investing in AI infrastructure. In its earnings report last week, the company said it plans to boost capital expenditures this year to $125 billion, up from an earlier estimate of $118 billion. CFO Brian Olsavsky said that number will likely increase in 2026. Amazon has also pushed corporate employees to use AI in their work and regularly experiment with internal tools. The company monitors AI adoption by employees, and some staffers were counseled to use the services more to speed up their work, or were informed that their usage could be factored into performance evaluations, according to three people familiar with the matter. Workers are asking for clarity. Amazon Employees for Climate Justice, an internal advocacy group, published an open letter on its website last week calling on Amazon executives to establish a "more responsible rollout of AI" and urging staffers to co-sign it. "We're the workers who develop, train and use AI, so we have a responsibility to intervene," AECJ wrote. While Jassy is making the case that AI agents will transform work for the better and make jobs "even more exciting and fun" than they currently are, AECJ members suggest they may be planting the seeds of their own demise. "Amazon is forcing us to use AI while investing in a future where it's easier to discard us," they wrote. Preston Arquette, who was laid off from Amazon's e-commerce platform team last week, said he's not "anti-AI" but he questioned whether the technology has led to tangible results inside the company. "In my role, I didn't see the kind of efficiencies or improvements that would make you think all these layoffs are necessary," Arquette said in a text message. WATCH: How Amazon built its biggest AI data center in a year
|
Amazon
|
https://www.cnbc.com/2025/11/05/amazon-target-walmart-raising-prices-tariffs.html?&qsearchterm=Amazon
|
Retailers are raising prices to meet tariffs. Amazon is hiking more than others
| 2025-11-05T00:00:00
|
In this article AMZN
WMT
TGT Follow your favorite stocks CREATE FREE ACCOUNT
The Amazon Prime logo on a package in Manhattan, New York City, on Sept. 16, 2023. Michael Kappeler | Picture Alliance | Getty Images
Tariffs imposed by the Trump administration have given the country's retailers another cost to manage during a period of persistent inflation. While many are navigating the change with limited price increases, marketplace giant Amazon is hiking more than others. Price increases are common for retailers trying to blunt higher costs from tariffs. Companies including Walmart and Target have said they are employing a portfolio approach to pricing following the tariff hikes, meaning they have raised prices on some items but not others. But the companies rarely detail how much they're increasing prices or on what items. Amazon prices have risen 12.8% this year on average as of the end of September, according to an analysis of online pricing data from third-party research firm DataWeave. Prices at Target were up 5.5% since the start of the year, and prices at Walmart were 5.3% higher, according to the analysis.
DataWeave reviewed roughly 16,000 items each on Amazon's, Walmart's and Target's websites to conduct its analysis. The firm says it continuously collects publicly available data and captures live product and pricing information. Its data spans categories, locations and time periods, according to DataWeave's methodology. While each of the three retailers increased prices throughout the year, the sharpest increase came from Amazon between January and February, when prices on the surveyed SKUs — a retail industry term meaning stock keeping units — rose 3.7%, according to DataWeave's analysis. That jump actually came ahead of the majority of President Donald Trump's tariffs, announced in April, and could be the result of price normalization and a pullback in discounts after the 2024 holiday selling season, DataWeave found. However, Target and Walmart increased prices by an average of 0.97% and 0.85%, respectively, during the same time frame. DataWeave's pricing analysis compares each retailer to its own prices over time and not to competitors — and to be sure, lower initial prices could show a higher percentage increase — but there is a common trend. "Together, these trends show a clear hierarchy: Prices rose fastest where consumers shop by choice, not necessity, and most cautiously where they shop by need," Karthik Bettadapura, co-founder and CEO of DataWeave, said in a statement. Apparel prices, for example, rose 11.5% on average between January and the end of September at Amazon, Target and Walmart. Indoor and outdoor home goods prices climbed an average of 10.8% across the three retailers. Prices for pet goods and consumable products increased by an average of 6.1%, and health and beauty items saw prices jump 7% on average. Prices for hardlines, a category that tends to include goods like electronics, furniture and appliances, rose 8.3%.
At Amazon, however, prices for those same categories rose more on average than at Target or Walmart. Apparel prices increased 14.2%, indoor and outdoor home goods prices rose 15.3%, pets and consumables prices rose 11.3%, health and beauty prices rose 13.2%, and hardlines category prices rose 11.9%.
|
Amazon
|
https://www.cnbc.com/2025/11/05/28-year-old-engineer-laid-off-by-amazon-in-2023-on-how-she-bounced-back.html?&qsearchterm=Amazon
|
28-year-old engineer laid off by Amazon in 2023 on how she bounced back: 'Don't sit by yourself and just keep overthinking'
| 2025-11-05T00:00:00
|
That said, she says she learned four big lessons from her own layoff that might help people going through it today.
Bhosale says today's job market is a lot more challenging today than when she was laid off. Workers are fighting for a shrinking pool of job openings, AI is seemingly threatening jobs and long-term unemployment is inching up.
Adding to her stress, Bhosale was hired to Amazon as an engineer just out of grad school as an international student from India, and her layoff put her work visa and ability to stay in the U.S. in jeopardy.
"It was just out of nowhere, and it definitely took a toll on my emotional health," Bhosale says. "It disrupted my sleep. I had a lot of self-doubt. There was difficulty in eating [and] constant anxiety."
Bhosale tells CNBC Make It that two years ago, she'd heard rumors of potential layoffs swirling in news reports. By the time she received notice that she'd been let go, she says it was "a complete shock" and "disappointing" to learn the news via email.
She knew exactly what so many people were suddenly going through. Bhosale, 28, is a tech worker in Seattle and was among the 18,000 Amazon staffers laid off in January 2023 .
First, Bhosale says she wish she didn't internalize the shame of losing her job. She says she's noticed people are becoming more open about being laid off these days, but just a few years ago, there was still a heavy stigma around it.
It took her time to accept that the layoff wasn't a reflection of her abilities, but rather a decision made by the business. Now, "people are very empathetic towards each other. People are reaching out and helping in any way they can," she says.
Second, Bhosale recommends resisting the urge to withdraw, and instead stay in touch with other people, whether they're friends or potential networking connections.
"Reach out to people," Bhosale says. "Even if you are not feeling good today, just pick up your phone and call your friend and say, "Hey. This is what's happening. I feel really sad.' Just talk. Don't sit by yourself and just keep overthinking in the situation. I didn't find that helpful."
Check online or on social media for communities intended to help laid-off workers find job leads, get referrals, that offer job resume or job interviewing help, and more.
Next, as much as you're financially able to, Bhosale recommends taking time to deal with the shock of your layoff so you don't burn out in your next job search.
Bhosale says she learned this lesson the hard way.
"Take some time to heal. Don't just push yourself to find another job," Bhosale says, adding that because of her visa situation, she pushed herself to find her next position within six weeks of her layoff, which led to burnout that affected her next job.
"Even when I started my new role, I was always afraid of, 'What if I do something wrong? Will they lay me off again?'" Bhosale says the lingering anxiety stuck with her for a year until she processed the layoff and that she would be able to find her way out of another situation if it happened.
Finally, Bhosale recommends people start upskilling in their own time, like through LinkedIn courses, especially to incorporate AI into their work. "There are so many new technologies, and companies are looking to work with people who have that knowledge."
Want to level up your AI skills? Sign up for Smarter by CNBC Make It's new online course, How To Use AI To Communicate Better At Work. Get specific prompts to optimize emails, memos and presentations for tone, context and audience.
Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life, and request to join our exclusive community on LinkedIn to connect with experts and peers.
|
Netflix
|
https://www.cnbc.com/2025/11/05/former-netflix-chief-talent-officer-used-this-test-to-weed-out-disastrous-hires.html?&qsearchterm=Netflix
|
Former Netflix chief talent officer: The No. 1 red flag that signals a 'disastrous' hire
| 2025-11-05T00:00:00
|
When I was Chief Talent Officer at Netflix, I gave our receptionist one unusual job: "Tell me who's a jerk to you." It might sound harsh, but it became one of the most powerful tools in our hiring process — and in my own growth as a leader. Early in my career, I'll admit, I didn't always catch the subtle red flags in people. If someone was smart, articulate, and confident in an interview, I'd be impressed. I wanted to believe that great talent would automatically mean great teammate. But over time, I saw how often the "brilliant but difficult" people created the biggest problems once they joined. That's when I started looking for new ways to see what was underneath the polish.
The 'reception test'
In the interview room, everyone's prepared. They've practiced answers, rehearsed their stories, and know what to say. But in the lobby, not everyone behaves well. Sometimes, the mask slips. Our receptionists saw everything: who made eye contact, who said hello, who acted impatient, who was kind. After each interview, I'd ask a simple question: "How'd they treat you?" The answer almost always matched the person's true character. I still remember one candidate who snapped when their visitor badge took too long to print. Another sighed loudly about the "inconvenience" of parking. Both were smart. Both would have been disastrous hires. And then there were the quiet ones — the candidates who took a moment to ask about the receptionist's day, who said thank you on the way out. Those people tended to show up with empathy and self-awareness later, too.
The No. 1 thing I looked for in candidates
At first, I thought this "reception test" was just about catching rude people. But over time, I realized it was really about something deeper: self-awareness. The people who failed that test weren't always mean — they were often unaware. They didn't realize how their words or energy affected others. They didn't see the power dynamic they created just by being dismissive. That lack of self-awareness doesn't stay at the front desk. It follows people into meetings and erodes trust and team culture. At Netflix, we used to say, "No brilliant jerks." But I'd go further now: Even "brilliant unaware" people can do damage. Because you can't fix what you refuse to see. How someone treats people they don't think "count" reveals how they'll treat everyone once the spotlight is off. People who are rude or unaware with receptionists can poison your culture, create unnecessary hierarchies, and drive your best people to leave. But self-aware people notice their impact. They adjust. They're grounded enough to treat everyone — from the CEO to the front desk — with the same respect. The best leaders I've known, the ones who build trust and inspire loyalty, understand their strengths and blind spots. They can sense when they're coming off too strong or when someone else feels unseen. And when they make a mistake, they own it. That kind of self-awareness creates safety and honesty inside teams. It's contagious. And it starts with the smallest acts of respect. I looked for it in every candidate.
My best advice for job seekers
|
IBM
|
https://www.cnbc.com/2025/11/04/ibm-layoffs-fourth-quarter.html?&qsearchterm=IBM
|
IBM cutting thousands of jobs in the fourth quarter
| 2025-11-04T00:00:00
|
Arvind Krishna, CEO of IBM, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023.
IBM said Tuesday that it will lay off a small percentage of its employees in the current quarter.
"In the fourth quarter we are executing an action that will impact a low single-digit percentage of our global workforce," a spokesperson told CNBC. "While this may impact some U.S.-based roles, we anticipate that our U.S. employment will remain flat year over year."
IBM employed 270,000 people at the end of 2024, according to its latest annual report. A 1% cut to headcount would represent the loss of 2,700 jobs.
Other technology companies have been slimming down lately, with executives looking for ways to improve productivity by increasing reliance on artificial intelligence tools.
|
McDonald's
|
https://www.cnbc.com/2025/11/05/mcdonalds-mcd-q3-2025-earnings.html?&qsearchterm=McDonald%27s
|
McDonald's sales rise, but CEO expects low-income diners to spend less into next year
| 2025-11-05T00:00:00
|
McDonald's on Wednesday fell short of Wall Street's earnings expectations, but the company's U.S. restaurants reported better-than-expected same-store sales growth.
CEO Chris Kempczinski said in a statement that the third-quarter results are "a testament to our ability to deliver sustainable growth even in a challenging environment."
For more than a year, McDonald's, long considered a bellwether for the financial health of consumers, has been sounding the alarm about a pullback in restaurant spending, particularly from low-income diners. That downturn continued during the third quarter.
"We continue to see a bifurcated consumer base with [quick-service restaurant] traffic from lower-income consumers declining nearly double digits in the third quarter, a trend that's persisted for nearly two years," Kempczinski said on the company's conference call. "In contrast, QSR traffic growth among higher-income consumers remains strong, increasing nearly double digits in the quarter."
He added that McDonald's is projecting that the pressure on consumers' financial health will continue well into 2026.
Shares of the company rose more than 3% in morning trading.
Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Earnings per share: $3.22 adjusted vs. $3.33 expected
$3.22 adjusted vs. $3.33 expected Revenue: $7.08 billion vs. $7.1 billion expected
The fast-food giant reported third-quarter net income of $2.28 billion, or $3.18 per share, up from $2.26 billion, or $3.13 per share, a year earlier. McDonald's saw a higher effective tax rate during the quarter, which weighed on its earnings.
Excluding restructuring charges and other items, the burger chain earned $3.22 per share.
Revenue rose 3% to $7.08 billion.
|
McDonald's
|
https://www.cnbc.com/2025/11/05/5-things-to-know-before-the-stock-market-opens.html?&qsearchterm=McDonald%27s
|
Election results, McDonald's earnings, AI valuation fears and more in Morning Squawk
| 2025-11-05T00:00:00
|
A trader works at the New York Stock Exchange on Nov. 3, 2025. NYSE
This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day:
1. Shock value
2. Clean sweep
New York City mayoral candidate Zohran Mamdani reacts during a "New York is Not For Sale" rally at Forest Hills Stadium, in the Queens borough of New York City, U.S., October 26, 2025. Eduardo Munoz | Reuters
It was a big night for Democrats, whose candidates swept key races in New York, New Jersey and Virginia. Self-described democratic socialist Zohran Mamdani will become the next mayor of New York City, NBC News projects, defeating former New York Gov. Andrew Cuomo. More than 2 million New Yorkers turned out to vote in the election, the most since 1969, according to the city's Board of Elections. In New Jersey, Democrat Mikie Sherrill is projected to become the state's next governor. The closely watched race against Trump-endorsed Republican Jack Ciattarelli was seen as a bellwether for the GOP, which made inroads in the state in 2024. NBC News also projects Democrat Abigail Spanberger will become the first female governor of Virginia and Democratic nominee Jay Jones will win the state's attorney general race. Unlike Mamdani, Sherril and Spanberger, Jones was not seen as the betting favorite going into yesterday's election.
3. Drive-thru disappointment
A view of the McDonald's restaurant in Mogilany, Poland on August 1, 2025. Jakub Porzycki | Nurphoto | Getty Images
McDonald's missed Wall Street's third-quarter expectations on the top and bottom lines this morning. The fast-food giant reported $7.08 billion in revenue during the period — a 3% increase from a year ago, but slightly below analysts' $7.1 billion estimate. Despite coming up short, the company's shares rose about 1% before the bell. Indeed, the report wasn't all bad: McDonald's said same-store sales grew 3.6% globally and 2.4% in the U.S. CEO Chris Kempczinski called the results "a testament to our ability to deliver sustainable growth even in a challenging environment." Meanwhile, shares of Cava sank nearly 8% in overnight trading after the fast-casual chain cut its full-year forecast for the second straight quarter.
4. 'AI-washing' layoffs
A sign at a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025. Lauren Petracca | Bloomberg | Getty Images
A wave of layoffs is rattling corporate America. Yesterday it was IBM. Last week, it was Amazon and Paramount. The week before, Target and Meta. And while some rush to say the rise of AI is to blame, experts say some companies could be "AI-washing" their cuts, using the new tech as a scapegoat for other issues or run-of-the-mill cost-cutting. A lack of employment data from the government, thanks to the shutdown, makes the picture even murkier, bringing about concerns that the spate of cuts could have more to do with a slowing economy than with AI. Job openings hit their lowest level in more than four years last month, according to data from Indeed. The site's Job Posting Index, which uses February 2020 as a baseline, fell to 101.9 in October — its lowest level since February 2021.
Get Morning Squawk directly in your inbox CNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning. Subscribe here to get access today.
Ken Jeong speaks during Netflix's "KPop Demon Hunters" A Sing-Along Event at Regal LA Live on August 24, 2025 in Los Angeles, California. Gonzalo Marroquin | Getty Images
Netflix's "KPop Demon Hunters" has taken pop culture by storm. It's also moving the K-pop market. The film, which in August became Netflix's most popular movie ever, has generated $10 billion for the K-pop music industry, CNBC's Eunice Yoon reports. Shares of HYBE, JYP Entertainment, SM Entertainment and YG Entertainment — the so-called "Big Four" K-pop companies in South Korea — have seen double-digit gains this year. But it's not just music. As Yoon notes, the popularity of "KPop Demon Hunters" could also spur increased consumption of Korean cosmetics and foods, and could even have political ramifications in China.
The Daily Dividend
After Meta invested $14.3 billion into Scale AI and hired away its founder, the future looked uncertain for the AI startup. But CFO Dennis Cinelli rejected the notion that the deal was an "acquihire" or licensing deal, and insisted Scale's business is still growing. Here's how he put it, in his first public interview since joining the startup in 2022:
The results we’re putting up, it’s not a company that’s like a zombie company. Dennis Cinelli CFO, Scale AI
|
McDonald's
|
https://www.cnbc.com/2025/11/05/private-equity-consolidation-fund-manager-kkr-carlyle-eqt-cvc-secondaries.html?&qsearchterm=McDonald%27s
|
More private equity funds than McDonald's: PE giants forecast industry consolidation
| 2025-11-05T00:00:00
|
Joe Bae, co-chief executive officer of KKR & Co., during the Global Financial Leaders' Investment Summit in Hong Kong, China, on Tuesday, Nov. 4, 2025.
Private equity fund managers are bracing for a wave of consolidation as investors demand higher returns and stronger governance, forcing a shakeout in an overcrowded industry, several industry veterans said at a high-level finance summit in Hong Kong on Tuesday.
"How is it that there are more private equity funds in North America than there are McDonald's franchises," said KKR & Co's co-CEO Joe Bae on Tuesday, noting that the U.S. has about 14,000 of the fast-food outlets and 19,000 private equity funds.
The bifurcation of funds' performance has become more "extreme" than at any time in the past decade, Bae said at the Global Financial Leaders' Investment Summit. "You have to be very disciplined in a market like this and focus on ... fundamental, operational value creation in companies, bring better governance to the table," he said.
The widening gap followed a private equity spending spree in 2021, as firms rushed to deploy unspent funds, with activity also boosted by ultra-low interest rates. As PE firms typically hold portfolio companies for more than five years before exiting, many of those investments are now harder to sell or revalue in a higher-rate environment.
In an interview with CNBC's The China Connection, Howard Marks, co-founder and co-chairman of Oaktree Capital Management, cautioned that "the era of ultra-low rates is over."
He estimated that the current easing cycle will see U.S. interest rates fall to just 3%-3.5%, which would be "neither stimulative nor restrictive." The Federal Reserve lowered its interest rates to a range of 3.75%-4% last week.
Firms that had stayed disciplined during the post-pandemic liquidity rush — holding back from inflated valuations and cheap leverage — are the ones outperforming, according to Bae.
Private equity groups have struggled in recent years to raise new funds, with a significant backlog of unsold assets and a slowdown in cash returns to investors. Limited partners — the fund investors — are also scrutinizing managers more closely than ever, demanding stronger performance and tighter governance.
Only about 5,000 of the private equity firms that exist today had successfully raised funds in the past seven years, Per Franzen, CEO of Sweden's EQT said in an interview with Financial Times earlier this week. He added that 80% of these companies were likely to turn into zombie firms within the next decade, managing only the existing investments because they cannot raise fresh capital.
Less than 100 globally diversified firms could capture around 90% of capital flowing into private markets in the next fundraising cycle, according to Franzen.
While that may sound dire, private equity industry veterans say that consolidation will ultimately strengthen the asset class, weeding out weaker players and restoring discipline to the industry.
|
McDonald's
|
https://www.cnbc.com/video/2025/11/05/mcdonaldas-earnings-miss-estimates-but-sales-are-rising-in-achallenging-environmenta.html?&qsearchterm=McDonald%27s
|
McDonald’s earnings miss estimates, but sales are rising in ‘challenging environment’
| 2025-11-05T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
McDonald’s earnings miss estimates, but sales are rising in ‘challenging environment’
CNBC's Kate Rogers joins 'Squawk Box' to report on the company's quarterly earnings results.
|
Uber
|
https://www.cnbc.com/2025/11/04/uber-buy-on-weakness-jim-cramer.html?&qsearchterm=Uber
|
Uber's strong growth makes it a buy on weakness, Jim Cramer says
| 2025-11-04T00:00:00
|
CNBC's Jim Cramer on Tuesday told investors that he would buy Uber into weakness, emphasizing that the ride share giant's recent quarter showed commendable growth.
"I think the company's focused on a clear strategy that it's executing quite well," Cramer said.
Uber posted a comfortable revenue beat when it reported Tuesday before open. But shares sank during the day's session, ultimately closing down just over 5%. The stock is currently up 56.95% year-to-date.
Some on Wall Street were disappointed that the company's margins came in a little light, Cramer said, adding that the softness could be a sign of increased competition from DoorDash or Lyft . He suggested the stock's decline was worsened by the fact that Uber's report happened to fall "on a day with a tough tape," with the major averages closing in the red.
But Cramer said he's not concerned about the slightly softer margins because he feels Uber's accelerated revenue growth and improved customer engagement are more important metrics for success. He noted that it's growing both the rideshare and delivery businesses as well as its UberOne membership program, and the company still has "plenty of room to go on this front." He added that the despite the small margin miss, Uber is still "making tons of money at this point."
"That's why I don't think there's anything to worry about from the Uber quarter and it's why I'd be a buyer into weakness after today's pullback and tomorrow's uncertainty," he said.
|
Uber
|
https://www.cnbc.com/video/2025/11/04/i-thought-ubers-quarter-looked-good-but-wall-street-disagreed-says-jim-cramer.html?&qsearchterm=Uber
|
I thought Uber's quarter looked good, but Wall Street disagreed, says Jim Cramer
| 2025-11-04T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
I thought Uber's quarter looked good, but Wall Street disagreed, says Jim Cramer
'Mad Money' host Jim Cramer takes a closer look at what is happening with Uber's stock.
|
Uber
|
https://www.cnbc.com/video/2025/11/04/growth-is-one-of-the-best-protections-ubers-growth-is-accelerating-says-jim-cramer.html?&qsearchterm=Uber
|
Growth is one of the best protections, Uber's growth is accelerating, says Jim Cramer
| 2025-11-04T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Growth is one of the best protections, Uber's growth is accelerating, says Jim Cramer
'Mad Money' host Jim Cramer takes a closer look at what is happening with Uber's stock.
|
Qualcomm
|
https://www.cnbc.com/video/2025/11/05/tim-seymour-qualcomms-core-business-is-better-than-expected.html?&qsearchterm=Qualcomm
|
Tim Seymour: Qualcomm's core business is better than expected
| 2025-11-05T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Tim Seymour: Qualcomm's core business is better than expected
Tim Seymour, Seymour Asset Management, joins 'The Exchange' to discuss the trades to make ahead of Wednesday's post-session earnings reports.
|
BlackRock
|
https://www.cnbc.com/2025/11/05/why-blackrock-says-november-could-be-the-best-month-this-year-for-municipal-bonds.html?&qsearchterm=BlackRock
|
Why BlackRock says November could be the best month this year for municipal bonds
| 2025-11-05T00:00:00
|
BlackRock is expecting a banner month for municipal bonds. November has been the best month of the year for municipal bonds over the last 10 years, averaging a total return of 1.26%, according to Patrick Haskell, head of BlackRock's municipal bonds group. Combined with December's historically strong performance, the fourth quarter has been the top-performing period of the year, he said. "We anticipate a similar dynamic in 2025," Haskell wrote in a recent note. BlackRock manages over $181 billion in municipal assets for clients. Contributing to that strong showing has been November's average 31% month-over-month decline in issuance over the past five years, he said in a follow up email with CNBC. "Our primary markets team anticipates a similar slowdown in supply this year, further strengthening technicals," he added. "While October delivered unusually strong returns, we believe ... supportive dynamics position municipals for continued outperformance into year-end." Municipal bonds are favored by wealthy investors since the income earned is free of federal tax and, if the holder lives within the state in which the bond is issued, exempt from state tax. Proceeds from the bond sales are typically used to fund infrastructure and public projects. Yields remain attractive, Haskell said. The iShares National Muni Bond ETF currently has a 3.33% 30-day SEC yield. For earners in high-tax states in the top tax bracket, that could mean a tax-equivalent yield nearing 6%. MUB YTD mountain iShares National Muni Bond ETF year to date Despite munis' recent strength, the assets remain undervalued and offer a compelling entry point for investors, Haskell said. "The interest rate environment is expected to stay favorable amid expectations for continued policy easing by the Federal Reserve," he told CNBC. "Municipal valuations remain compelling compared to taxable alternatives, and the steep yield curve offers opportunities to lock in durable income — conditions that should sustain robust demand for the asset class." Fundamentals also remain exceptionally strong heading into the end of the year, he noted. Finding opportunities Haskell and his team advocate a barbell yield-curve strategy and prefer high-quality transportation, housing and corporate sector munis. That includes suburban local governments and school districts since they benefit from reliable property tax revenue, he said. "When evaluating these issuers, we prioritize those with sufficient fund balances, a broad and diverse tax base, and manageable levels of debt — including pension obligations — while also assessing legal risks and any contingent liabilities," Haskell said. He prefers smaller, high-quality government bonds with incremental yield and strong diversification opportunities for the firm's separately managed accounts. BlackRock is also overweight on prepaid gas munis, which municipalities use to pay for long-term supply of natural gas or energy. "These offer attractive spreads from high-quality counterparties with shorter durations, serving as a ballast in a municipal portfolio," Haskell said. "The main risks are related to counterparty and structural factors, rather than commodity price fluctuations." The firm focuses on large money center banks and stringent bond documentation. In addition, BlackRock is overweight on housing bonds, as well as national and large regional health systems. The firm is also selectively investing in high-yield munis.
|
S&P Global
|
https://www.cnbc.com/2025/11/05/westinghouse-cameco-brookfield-trump-nuclear-ap1000.html?&qsearchterm=S
|
Trump nuclear power investment in Westinghouse could lead to IPO with U.S. government as shareholder
| 2025-11-05T00:00:00
|
The Vogtle nuclear power plant is located in Burke County, near Waynesboro, Georgia in USA. Each of the two existing units have a Westinghouse pressurized water reactor (PWR), with a General Electric turbine and electric generator, producing approximately 2,400 MW of electricity. Two Westinghouse made AP 1000 reactors are under construction here.
The Trump administration's plan to spend tens of billions of dollars on Westinghouse nuclear plants could transform it into an independent, publicly traded company with the U.S. government as a major shareholder.
The Commerce Department signed a deal last week with Westinghouse owners Cameco and Brookfield Asset Management to spend $80 billion to build the company's nuclear plants across the U.S.
Under the deal, the U.S. government is granted a participation interest in Westinghouse and can require an initial public offering on or before January 2029 if the company's value surges to $30 billion or more.
The government could become an 8% shareholder in Westinghouse under this scenario, said Cameco Chief Operating Officer Grant Isaac on the company's third-quarter earnings call Wednesday. It is not entitled to a stake in Cameco or Brookfield under the deal, Isaac said.
Cameco would consider spinning out Westinghouse as an independent company in 2029 depending on the circumstances, the executive said.
"There is definitely a unique interest in investing just in Westinghouse," Isaac said. "Cameco is a funny proxy for that. Brookfield's probably an even funnier proxy to invest in just Westinghouse."
Cameco is one of the largest uranium miners in the world and Brookfield is one of the biggest investors in energy generation.
"We're going to keep all options on the table," Isaac said. "This partnership agreement does not force us to leave Westinghouse in 2029. We don't have to sell any of our share — or we may if the value of Westinghouse is so significant come 2029 when that window opens up."
|
S&P Global
|
https://www.cnbc.com/2025/11/05/gold-gains-on-risk-aversion-despite-strong-us-payrolls-data.html?&qsearchterm=S
|
Gold gains on risk aversion despite strong U.S. payrolls data
| 2025-11-05T00:00:00
|
Gold prices rose on Wednesday, as bargain hunters stepped in after bullion dropped to a near one-week low in the previous session, while focus was also on the U.S. private payroll data for cues on future interest rate cuts.
Gold prices rose over 1% on Wednesday, lifted by investors avoiding riskier assets despite stronger-than-expected private payrolls data in the U.S.
Spot gold was up 1.2% at $3,977.94 per ounce by 10:57 a.m. ET. U.S. gold futures for December delivery rose 0.7% to $3,989.80 per ounce.
"Gold and silver are modestly higher despite a stronger-than-expected ADP private payrolls report, which is the best broad jobs indicator given the shutdown. This should give comfort to bulls who were surprised that metals fell along with risky assets yesterday," said Tai Wong, an independent metals trader.
U.S. private employment increased by 42,000 jobs last month, above Reuters estimate of a 28,000 rise, the ADP employment report showed on Wednesday. A strong jobs market typically reduces likelihood of rate cuts and can even keep rates higher for longer.
Stocks fell on Wednesday, retreating from record highs on fears equity markets may have become overstretched.
"Some safe-haven demand has surfaced at mid-week as the global stock markets are still a bit shaky amid ideas U.S. stocks are overvalued and that there is an AI stock bubble," said Jim Wyckoff, senior analyst at Kitco Metals, in a note.
Meanwhile, the U.S. Federal Reserve cut interest rates last week, with Chair Jerome Powell indicating it could be the final reduction this year.
Traders now see a 70% chance of another rate cut in December, down from over 90% last week.
Non-yielding gold tends to do well in a low-interest-rate environment and during times of economic uncertainty.
Eyes will also be on a U.S. Supreme Court hearing later in the day on the legality of President Donald Trump's tariffs, after a lower court ruled the administration had overstepped authority by imposing levies under an emergency law.
Elsewhere, spot silver gained 1.9% to $47.98 per ounce, platinum rose 1% to $1,550.60 and palladium climbed 2.2% to $1,421.96.
|
S&P Global
|
https://www.cnbc.com/2025/11/05/dollar-firm-as-us-private-payrolls-rebound-in-october.html?&qsearchterm=S
|
Dollar firm as U.S. private payrolls rebound in October
| 2025-11-05T00:00:00
|
The U.S. dollar edged up on Wednesday, extending its gains from last week on doubts about the outlook for another Fed rate cut this year and as private payrolls data assuaged worries over the state of the labor market.
U.S. private payrolls rose by 42,000 jobs in October, exceeding expectations of a 28,000 gain, according to a Reuters poll of economists.
While the turnaround likely does not suggest a material shift in the labor market because some industries such as professional business services shed jobs for a third straight month, it did help soothe worries about labor market weakness.
Separately, data showed the U.S. services sector activity picked up in October amid a solid increase in new orders.
The dollar has firmed against the euro after the Federal Reserve cut interest rates by 25 basis points last week while signalling caution about further easing this year.
"The ongoing hawkish repricing in rates and currency markets was given added momentum this morning when ADP reported a stronger-than-expected rebound in private sector job creation," Karl Schamotta, chief market strategist with payments company Corpay in Toronto.
"With the preponderance of available data pointing to resilience in American labour markets, the case for aggressive course of monetary easing is looking fairly flimsy here, and investors are growing reluctant to place big directional bets on lower yields ahead," Schamotta said.
Still, despite the absence of BLS's closely-watched employment report due to the longest government shutdown on record, economists continue to urge caution when interpreting the ADP report, noting differences in methodologies among other limitations.
|
S&P Global
|
https://www.cnbc.com/video/2025/11/05/sp-global-u-s-services-pmi-comes-in-at-54-point-8-vs-55-point-2-estimated.html?&qsearchterm=S
|
S&P global U.S. services PMI comes in at 54.8 vs. 55.2 estimated
| 2025-11-05T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
S&P global U.S. services PMI comes in at 54.8 vs. 55.2 estimated
Rick Santelli breaks down the latest economic data to cross the tape.
|
S&P Global
|
https://www.cnbc.com/video/2025/11/05/how-chinese-evs-won-brazil-and-left-us-automakers-behind.html?&qsearchterm=S
|
How Chinese EVs won Brazil — and left U.S. automakers behind
| 2025-11-05T00:00:00
|
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
How Chinese EVs won Brazil — and left U.S. automakers behind
Brazil is the world’s sixth largest car market by volume, and the country is quickly becoming the next frontier in China’s electric vehicle expansion. Blocked from the U.S. by tariffs, China’s EV giants have turned to emerging markets like Brazil to offload their massive supply of cars. Imports from China to Brazil have skyrocketed, up nearly 100,000 vehicles in just one year, and Chinese brands like BYD now account for over 80% of electric car sales in Brazil.
|
S&P Global
|
https://www.cnbc.com/2025/11/05/toyota-september-quarter-earnings-us-tariffs-hit-exports.html?&qsearchterm=S
|
Toyota raises yearly profit forecast despite an expected $9 billion hit from U.S. tariffs
| 2025-11-05T00:00:00
|
A sign with the Toyota logo in Surrey, England on August, 2023
Toyota Motor on Wednesday raised the operating profit forecast for its financial year ending in March, while flagging a 1.45 trillion yen hit from U.S. tariffs.
The company, which revised its operating profit outlook to 3.4 trillion yen from 3.2 trillion yen forecast earlier, missed profit estimates for the quarter ended September.
"Despite the impact of U.S. tariffs, strong demand supported by the competitiveness of our products has led to increased sales volumes mainly in Japan and North America and has expanded value chain profits," Toyota said in its earnings report.
Here are Toyota's September quarter results compared with mean estimates from LSEG:
Revenue: 12.38 trillion yen (about $81 billion) vs. 12.18 trillion yen
Operating profit: 834 billion yen vs. 863.1 billion yen
The world's largest carmaker by sales volume reported a nearly 28% quarterly drop in profit, year on year, while revenue increased over 8%. Net income reached 972.9 billion yen, up
Toyota released 6-month results — from April to September — and the quarterly numbers have been calculated by CNBC, based on company statement and LSEG data.
The decline in the September quarter's operating profit represents the second straight drop since the U.S. introduced "reciprocal" tariffs in April. Tokyo in July clinched a trade deal with Washington, bringing down tariffs on its exports to the U.S. to 15% from the 25% initially proposed by President Donald Trump. The 15% duties took effect on Aug. 7.
The company flagged that tariffs remain the largest drag on Toyota's profit in the U.S., while factors such exchange rate fluctuations and increased expenses hit earnings in Japan, .
A Toyota executive said in the earnings call that the company was "assessing challenges" and "making preparations" for a plan to ship made-in-U.S. vehicles to customers in Japan, as to align with a new investment framework between Tokyo and Washington.
They added that the plan may not be "economically rational," but could make certain products more available to Japanese customers.
|
S&P Global
|
https://www.cnbc.com/2025/11/04/california-voters-approve-new-us-house-map-to-boost-democrats-in-2026-.html?&qsearchterm=S
|
California voters approve new U.S. House map to boost Democrats in 2026
| 2025-11-04T00:00:00
|
A sign supporting Proposition 50, aimed at countering Republican-led redistricting in Texas by redrawing California's congressional map to favor Democrats, in a residential neighborhood in Encinitas, California, U.S., September 29, 2025.
California voters approved new congressional district boundaries Tuesday, delivering a victory for Democrats in the state-by-state redistricting battle that will help determine which party wins control of the U.S. House in 2026 and, with it, the power to thwart or advance President Donald Trump's agenda.
The approval of Proposition 50 gives Democrats a shot at winning as many as five additional seats, just enough to blunt Texas Republicans' move to redraw their own maps to pick up five GOP seats at Trump's urging. Texas' move and California's response have kicked off a flurry of redistricting efforts around the country, with Republican states appearing to have an edge. Deeply blue California is Democrats' best opportunity to make up seats.
Midterm elections typically punish the party in the White House, and Trump is fighting to maintain his party's slim House majority. Republicans hold 219 seats to Democrats' 213.
Tuesday's results mark a political victory for Democratic Gov. Gavin Newsom, who cast the measure as an essential tool to fight back against Trump and protect American democracy.
Speaking to reporters in Sacramento, Newsom cast the California vote as part of a broader national rejection of Trump's policies that saw Democratic governors elevated in New Jersey and Virginia. But he warned the more consequential battle would come next year.
If Democrats win the House majority, they can "end Donald Trump's presidency as we know it," Newsom said. "It is all on the line, a bright line, in 2026."
Measure supported by Newsom and Obama
California's Proposition 50 asked voters to suspend House maps drawn by an independent commission and replace them with rejiggered districts adopted by the Democratic-controlled Legislature. Those new districts would be in place for the 2026, 2028 and 2030 elections.
The recast districts aim to dilute Republican voters' power, in one case by uniting rural, conservative-leaning parts of far northern California with Marin County, a famously liberal coastal stronghold across the Golden Gate Bridge from San Francisco.
The measure was spearheaded by Newsom, who threw the weight of his political operation behind it in a major test of his mettle ahead of a potential 2028 presidential campaign. Former President Barack Obama urged voters to pass it as well.
"Republicans want to steal enough seats in Congress to rig the next election and wield unchecked power for two more years," Obama said in one ad. "You can stop Republicans in their tracks."
Critics said two wrongs don't make a right. They urged Californians to reject the measure, even if they have misgivings about Trump's moves elsewhere.
Among the most prominent critics was Arnold Schwarzenegger, the movie star and former Republican governor who pushed for the creation of the independent commission, which voters approved in 2008 and 2010. It makes no sense to fight Trump by becoming him, Schwarzenegger said in September, arguing that the proposal would "take the power away from the people."
"I don't want Newsom to have control," said Rebecca Fleshman, a 63-year-old retired medical assistant from Southern California, who voted against the measure. "I don't want the state to be blue. I want it to be red."
A lopsided campaign foreshadowed the vote
After an early burst of TV advertising, opponents of the plan struggled to raise cash in a state with some of the nation's most expensive media markets.
The campaign followed an unusual trajectory. A handful of Republican congressmen who will see their districts dramatically reshaped – and their jobs endangered — mostly stayed away from the campaign spotlight. With opponents short on cash, Newsom and his supporters dominated TV screens in the critical closing weeks.
Total spending on broadcast and cable ads topped $100 million, with more than two-thirds of it coming from supporters. Newsom told people to stop donating in the race's final weeks.
The GOP congressmen — Reps. Ken Calvert, Darrell Issa, Kevin Kiley, David Valadao and Doug LaMalfa — will see right-leaning voters reduced and left-leaning voters boosted in their respective districts in a shift that would make it likely a Democratic candidate would prevail in each race.
Issa issued a defiant statement, saying: "I'm not going anywhere. I'll continue to represent the people of California regardless of their party or where they live."
Calvert said Newsom engineered a "power grab" while housing costs, gas prices and taxes continue to strain family budgets. "I am determined to keep fighting for the families I represent," he said in an email.
AP poll finds voters motivated by political reasons
Proposition 50 won a swift and decisive victory, as the AP declared a winner when polls closed statewide. Early returns were strongly in favor of the measure, as were preliminary results from the AP Voter Poll, an expansive survey of more than 4,000 voters in California.
Roughly 7 in 10 California voters said party control of Congress was "very important" to them, and those voters overwhelmingly supported the measure, according to the AP Voter Poll.
About 8 in 10 California voters who supported the ballot measure said it was necessary to counter the changes made by Republicans in other states, while only about 2 in 10 said they supported it because it was the best way to draw maps, AP Voter Poll found.
Trump, who overwhelmingly lost California in his three presidential campaigns, largely stayed out of the fray. A week before the election, he urged voters in a social media post not to vote early or by mail — messaging that conflicted with that of top Republicans in the state who urged people to get their ballots in as soon as possible.
In a post Tuesday on his social media platform, the president called the state's voting process "RIGGED" and warned that it was "under very serious legal and criminal review. STAY TUNED!" Secretary of State Shirley Weber called that "another baseless claim."
The national House map is in flux
Congressional district boundaries are typically redrawn every 10 years to reflect population shifts documented in the census. Mid-decade redistricting is unusual, absent a court order finding fault with the maps in place.
Beyond Texas, Republicans expect to gain one seat each from new maps in Missouri and North Carolina, and potentially two more in Ohio. Five other GOP-led states are also considering new maps: Florida, Indiana, Kansas, Louisiana and Nebraska.
On the Democratic side, Colorado, Illinois, Maryland, New York and Virginia have proposals to redraw maps, but major hurdles remain.
A court has ordered new boundaries be drawn in Utah, where all four House districts are represented by Republicans, but it remains to be seen if the state will approve a map that makes any of them winnable for Democrats.
Siddhartha Deb, 52, has lived in the U.S. since he was 7 years old but he just became a citizen Tuesday. Immediately afterward he registered to vote at San Francisco City Hall and cast his ballot in favor of Newsom's measure.
"I don't like the way the Republican Party is basically trying to rig elections by gerrymandering," Deb said. "And this is the only way, to fight fire with fire."
|
Pfizer
|
https://www.cnbc.com/2025/11/05/healthy-returns-pfizer-novo-nordisk-escalate-metsera-bidding-war.html?&qsearchterm=Pfizer
|
Healthy Returns: What to know about Pfizer and Novo Nordisk’s bidding war over obesity biotech Metsera
| 2025-11-05T00:00:00
|
In this article MTSR
NOVO.B-DK
PFE Follow your favorite stocks CREATE FREE ACCOUNT
watch now
A version of this article first appeared in CNBC's Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. Pfizer and Novo Nordisk are in a takeover clash over the obesity biotech Metsera, with both pharmaceutical giants raising their bids for the startup as of Monday. As of now, Metsera says that Novo Nordisk's up to $10 billion offer for the company is "superior" to Pfizer's new proposal. Here's what you need to know about the heated bidding war that erupted last week.
What happened?
Here's the timeline. Pfizer in September said that it would acquire Metsera for $4.9 billion, or up to $7.3 billion with future payments – a deal that could be the company's golden ticket to enter the space after struggling to bring its own obesity products to market. But Novo Nordisk on Thursday launched a takeover bid valuing the biotech at around $6 billion, or up to $9 billion, triggering a deadline of four business days for Pfizer to renegotiate its offer. The Danish drugmaker's unsolicited bid is rarely seen in the industry, and Pfizer certainly wasn't happy about it. Pfizer on Friday filed its first lawsuit against Novo Nordisk and Metsera, seeking to block the biotech from terminating its existing merger deal with Pfizer. On Monday, Pfizer filed a second lawsuit against the companies, alleging that Novo Nordisk's attempt to outbid Pfizer to acquire Metsera is anticompetitive. In a statement on Monday, Metsera called Pfizer's litigation arguments "nonsense" and said it would address them in court. Metsera on Tuesday said Novo Nordisk's new up to $10 billion bid is "superior" to a revised offer from Pfizer, which values the startup at roughly $8.1 billion. Under the terms of the original agreement for Pfizer to acquire Metsera, the larger drugmaker has two business days to negotiate adjustments to its proposal. If Metsera's board believes that Novo Nordisk's proposal is still better than Pfizer's after that window, Metsera would be entitled to end the existing merger agreement, according to the release.
Why are Pfizer and Novo Nordisk fighting over Metsera?
Thomas Fuller | SOPA Images | Lightrocket | Getty Images
Metsera, founded in 2022, brings a pipeline of both oral and injectable treatments with different targets that the company has picked up through its own licensing and acquisition deals. That includes a GLP-1 drug and amylin treatment that Metsera is developing to be taken once monthly, meaning that patients can take it less frequently than existing weekly injections. Metsera could be key to Pfizer's ambitions of entering the highly lucrative obesity market. Pfizer notoriously faced a string of setbacks with its own weight loss candidates, scrapping two separate pills over the last two years due to safety issues. Meanwhile, Novo Nordisk helped establish the weight loss drug space, bringing to market highly effective GLP-1 drugs, including the diabetes injection Ozempic and obesity shot Wegovy. But the company is scrambling to regain its lead position in the market after losing market share to its chief rival, Eli Lilly, over the last year and struggling to impress investors with its current obesity pipeline. The emergence of new potential competitors in the market from names like Amgen, Roche and Zealand Pharma is only putting more pressure on Novo Nordisk to win back share. But in a note on Thursday, TD Cowen analyst Michael Nedelcovych said it's not clear that Metsera's GLP-1 or amylin drugs are "differentiated" from Novo Nordisk's own medicines – raising questions about how much the company could gain from the deal. "Value may be driven by prospects for once-monthly dosing, but feasibility of this approach is not yet proven," he said. "Add regulatory risk and a potential bidding war, and this news gives us pause." In an email to clients on Monday, Mizuho health care equity strategist Jared Holz said that Novo Nordisk seems to be going after Metsera "as much for itself as it is to keep [the biotech company's drugs] out of the hands" of Pfizer or other drugmakers.
What do Pfizer's lawsuits argue?
Pfizer's federal antitrust suit alleges that Novo Nordisk's proposed acquisition of Metsera would help it maintain its dominant position in the blockbuster obesity market by eliminating a smaller potential competitor, according to the lawsuit filed Monday in U.S. District Court in Delaware. The suit also alleges that Metsera's controlling shareholders conspired with the obesity biotech and Novo Nordisk. Pfizer's first lawsuit seeks to block Metsera from terminating its existing merger deal with Pfizer. That suit, filed in the Delaware Court of Chancery, alleges that Novo Nordisk's offer can't qualify as a superior proposal because it's not reasonably likely to be completed due to its significant regulatory risk. Novo Nordisk, in response to the latest lawsuit filed Monday, said "Pfizer's baseless claims that Novo Nordisk intends to suppress innovation through our offer is false and without merit."
We'll have to see if Pfizer negotiates adjustments to its proposal with Metsera after the two-business-day period. Meanwhile, a Delaware judge said at an emergency hearing on Tuesday that there is currently no need for a court to grant Pfizer's request to get involved in its bidding war with Novo Nordisk, Reuters reported. But the judge scheduled a hearing for Wednesday afternoon to review the process. In response, Pfizer CFO Dave Denton said in an interview Tuesday that the company is "going to avail ourselves to all of our rights legally." "There are multiple avenues for us to do so, so we're not giving up on the fight for sure," Denton said, without elaborating on the other paths Pfizer could take. "We feel like we're in the right on this, and we'll continue to pursue all avenues to assert our claims." We'll continue to follow the takeover saga, so stay tuned for our coverage! Feel free to send any tips, suggestions, story ideas and data to Annika at a new email: [email protected].
Latest in health-care: Some House Republicans warm to extending tax credits to spare their districts pain, but time is slipping
|
Welltower
|
https://www.cnbc.com/video/2025/11/05/final-trades-welltower-dell-microsoft-and-the-iyc.html?&qsearchterm=Welltower
|
Final Trades: Welltower, Dell, Microsoft, and the IYC
| 2025-11-05T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Final Trades: Welltower, Dell, Microsoft, and the IYC
The Investment Committee give you their top stocks to watch for the second half.
|
Welltower
|
https://www.cnbc.com/2025/11/05/analyst-calls-wednesday-include-nvidia-tesla-amd-oreilly-and-more.html?&qsearchterm=Welltower
|
Here are the Wednesday's biggest analyst calls: Nvidia, Tesla, AMD, Rivian, Yum! Brands, O'Reilly & more
| 2025-11-05T00:00:00
|
Here are the biggest calls on Wall Street on Wednesday: KeyBanc upgrades Real Real to overweight from sector weight KeyBanc says the used clothing retailer's stock is at an inflection point. "After further examination, we are upgrading REAL to Overweight and establishing a $16 PT prior to next week's earnings release." Raymond James upgrades O'Reilly to outperform from market perform The investment bank says the auto parts retailer has an attractive entry point. "We upgrade ORLY to Outperform (from Market Perform) following a clean 3Q25 report and a better entry after the recent ~14% pullback from the 52-week high." Evercore ISI upgrades Yum! Brands to outperform from in line Evercore says the owner of brands including KFC and Taco Bell is in "rarified air." "With an anticipated sale of Pizza Hut, our 2027e EPS drops from $7.64 to ~$7.10. That said, after the spin-off, we are modeling higher — and more consistent — profit growth and EPS of 9% and 13%. This sort of performance and visibility would place YUM in rarified air in the consumer space which could cause a valuation to eclipse our targeted 25x." Read more. Evercore ISI upgrades Welltower to outperform from in line Evercore upgrades the healthcare real estate investment trust following earnings and says shares of Welltower have plenty more room to run. "On the heels of a very strong Q3 print last week, our '25, '26 & '27 ests are rising again along with our PT which jumps from $183 to $208 and we are upgrading the stock from In Line to Outperform." UBS reiterates Advanced Micro Devices as buy UBS raises its price target to $300 per share from $265 ahead of earnings on Tuesday. "With its first Analyst Day since before ChatGPT taking place next week, there wasn't likely to be a ton new at earnings to swing the debate - and that was indeed the case. Set against the rally in shares into this report, we could see a pullback tomorrow. That said, we would not get cute here ahead of the Analyst Day because AMD probably lays out a path of $15-20 in EPS later this decade and AWS is probably still out there as a catalyst too." Read more. JPMorgan downgrades Archer-Daniels Midland to underweight from neutral JPMorgan says it sees "profit headwinds" for the stock. "We are downgrading the ADM shares to Underweight from Neutral. The stock was flat at time of writing (vs. SPX flat) following a 3Q25 earnings beat but a guidance cut that suggests its profit headwinds extend beyond a lack of clarity on U.S. biofuel policies and trade relations with China." Citigroup upgrades Kirby to buy from hold Citi says the industrial services provider is an AI and data center beneficiary. "We upgrade KEX to Buy from Neutral on favorable risk-reward from AI/datacenter tailwinds driving the rapidly-growing Power Generation business that manufactures, distributes, and services power generation systems and power distribution equipment for the datacenter industry, among others." Canaccord upgrades Thomson Reuters to buy from hold Canaccord says it sees "upside to growth expectations." "We see the sell-off in the stock (from over US$200 in July) as an opportunity to upgrade, given our view that TRI's growth prospect remain intact, and could get stronger despite an evolving competitive landscape." BMO upgrades Boise Cascade to outperform from market perform BMO says in an upgrade of Boise Cascade that the building materials company has a "robust" balance sheet. "While housing demand is likely to be choppy in the near term, we think the current stock price offers a very attractive entry point for patient long-term investors. Balance sheet is robust." Wedbush reiterates Tesla as outperform Wedbush says it's sticking with the stock ahead of Thursday's shareholder meeting. "We expect Musk to get overwhelming shareholder approval on the potential $1 trillion pay package despite some opposition from various shareholders/ISS and send a loud and clear message to Elon being "wartime CEO" during this most important chapter of growth in Tesla's history as the AI Revolution is here. We maintain OUTPERFORM and $600 PT." Bank of America reiterates Pinterest as buy The bank says Pinterest shares are oversold but that's standing by the stock following earnings. "We roll forward our valuation framework to 2027 EBITDA estimates and lower our PO to $39 from $44 based a lower 14x multiple , reflecting lower out year growth. We think bigger buybacks could be a sentiment positive at current levels." Morgan Stanley reiterates Alphabet as overweight Morgan Stanley says Alphabet's Google Cloud could grow "50%+ in 2026." "We view Google Cloud growth as continued driver of GOOGL multiple expansion and AI-driven outperformance. Remain OW, $330 PT." Goldman Sachs reiterates Rivian at neutral Goldman says it's sticking with its neutral rating following Rivian 's earnings. "We maintain our Neutral rating on the stock. We believe the progress the company made with COGS [cost of good sold] was a positive, as COGS declined to $96K per vehicle (down about $22K qoq and $19K yoy) driven by material cost reductions." Melius reiterates Broadcom and Nvidia as buys Melius says Broadcom and Nvidia are cloud capex leaders. "We just raised our 2026 and 2027 estimates for cloud capex (6 companies) by $85B and $192B, respectively, with 50%+ of that upside to be spent on compute/networking. Nvidia takes the biggest chunk of that, followed by Broadcom. " Loop reiterates Super Micro as buy Loop says it remains bullish on the stock following earnings on Tuesday. "Reiterating our Buy and $60 PT post SMCI's Sep Q EPS as our FY2027 EPS doesn't change ($3.00) 'tho the complexion of getting there has."
|
Altria
|
https://www.cnbc.com/video/2025/11/04/lightning-round-i-lack-a-catalyst-to-recommend-zoom-says-jim-cramer.html?&qsearchterm=Altria
|
Lightning Round: I lack a catalyst to recommend Zoom, says Jim Cramer
| 2025-11-04T00:00:00
|
In this video
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Lightning Round: I lack a catalyst to recommend Zoom, says Jim Cramer
'Mad Money' host Jim Cramer weighs in on stocks including: Viking Therapeutics, Altria, Zoom, and ProFrac Holdings.
|
Altria
|
https://www.cnbc.com/2025/11/04/cramers-lightning-round-im-going-to-take-a-pass-on-zoom.html?&qsearchterm=Altria
|
Cramer's Lightning Round: 'I'm going to take a pass' on Zoom
| 2025-11-04T00:00:00
|
Stock Chart Icon Stock chart icon Viking Therapeutics' year-to-date stock performance.
Viking Therapeutics : "...Own Eli Lilly."
Stock Chart Icon Stock chart icon Altria Group's year-to-date stock performance.
Altria Group : "I won't recommend it personally, but I can't fight it."
Stock Chart Icon Stock chart icon Zoom's year-to-date stock performance.
Zoom : "I think Zoom is a good company...I just lack a catalyst about why to recommend it, so therefore I'm going to take a pass."
Stock Chart Icon Stock chart icon ProFrac's year-to-date stock performance.
ProFrac : "I'm really anti the oils right now, I think they're all going lower. I do not want to to touch them."
watch now
|
Starbucks
|
https://www.cnbc.com/2025/11/05/starbucks-union-authorizes-open-ended-strike-as-holiday-season-begins.html?&qsearchterm=Starbucks
|
Starbucks union authorizes open-ended strike as busy holiday season begins
| 2025-11-05T00:00:00
|
Starbucks baristas gather outside a Starbucks store as they protest against the company during a rally to demand a new contract in New York City, on October 28, 2025. The Starbucks Workers United is fighting for a new contract that delivers improved staffing hours, take-home pay, and on-the-job protections for baristas. (Photo by TIMOTHY A.CLARY / AFP) (Photo by TIMOTHY A.CLARY/AFP via Getty Images)
Starbucks Workers United has authorized an open-ended strike that could begin on Red Cup Day, one of the coffee chain's biggest sales days of the year, the union announced Wednesday.
The union is preparing to strike in more than 25 cities if it doesn't reach a collective bargaining agreement with Starbucks by Nov. 13, when Red Cup Day falls this year. The two parties have not been in active negotiations to reach a contract after talks between them fell apart late last year. Starbucks and the union entered into mediation in February, and hundreds of barista delegates voted down the economic package Starbucks proposed in April.
The strike authorization won 92% of votes, according to Starbucks Workers United.
The union is pushing for improved hours, higher wages and the resolution of hundreds of unfair labor practice charges levied against Starbucks.
The strike would clash with Starbucks' annual giveaway of reusable red cups bearing the company's logo with any purchase. The freebie has become a collector's item for the coffee giant's biggest fans.
Without an end date in sight, the strike would also disrupt Starbucks' broader holiday season, which falls during the company's fiscal first quarter and is one of the busiest times of the year for the coffee chain. Customers flock to its cafes for seasonal drinks like its peppermint mocha, along with gift cards and other merchandise.
|
Starbucks
|
https://www.cnbc.com/2025/11/04/starbucks-china-deal-frees-the-coffee-chain-to-prioritize-what-matters-most.html?&qsearchterm=Starbucks
|
Starbucks’ underwhelming China deal frees the coffee chain to prioritize what matters most
| 2025-11-04T00:00:00
|
The deal Starbucks made to sell a majority stake in its China business is underwhelming but clears the way for a sharper focus on its core U.S. operations. "I did think there was going to be more upside," Jim Cramer said Tuesday during the Club's Morning Meeting. His comments follow Starbucks' announcement late Monday that the coffee chain will sell a 60% stake in its China retail operations for roughly $4 billion to Chinese private equity firm Boyu Capital. The joint venture allows Starbucks to retain a 40% stake and the ability to license its brand and intellectual property. Management said, "Starbucks expects the total value of its China retail business to exceed $13 billion," when considering all facets of the deal. Starbucks was seeking a partner with a firm grasp of the Chinese market and consumer to fend off competition from local coffee brands such as Luckin and Cotti. Boyu, which has made its name investing in tech, has recently branched out into consumer brands, including bubble tea giant Mixue and luxury department store operator SKP. "We aim to bring the Starbucks experience to more customers, in more cities across China. We see a path to grow from today's 8,000 Starbucks coffeehouses [there] to more than 20,000 over time," Starbucks CEO Brian Niccol said in a statement . Jeff Marks, director of portfolio analysis for the Club, said he had expected that Starbucks would sell a 50% stake, not a controlling interest. "That was disappointing," but at least it is done, Jim stressed, adding that it allows Niccol to put more energy into turning around the U.S., and other markets like Europe and Latin America, where the company maintains greater control and has more room to execute The U.S., which is Starbucks' biggest market, showed signs of stabilization last week when the company reported its fiscal 2025 fourth-quarter . Same-store sales turned positive in September and momentum continued into October. That progress gave us the conviction to add to our Starbucks position on Monday. Another silver lining of the deal is flexibility. Jeff said there is "a lot of optionality" with how to deploy the proceeds of the China deal. Management can use those funds not only to pay down debt and fix the balance sheet, but also to invest in its new Green Apron Service operating model , or buy back shares as a sign of confidence in the turnaround story, which has taken longer than expected. Jim reminded investors Tuesday that Starbucks is a "long-term turn." While we had initially hoped Niccol could implement a swift overhaul, as he did as Chipotle CEO, which resulted in a revival of the beleaguered Mexican food chain within a year. The problems at Starbucks, however, have proven more pervasive and more entrenched. Niccol was one year on the job as Starbucks CEO as of Sept. 9. SBUX YTD mountain Starbucks (SBUX) year-to-date performance Another factor working against Starbucks, according to Jim, is that the consumer is in a "bear market." U.S. consumers – particularly among lower and middle-income groups – are scaling back their discretionary spending, which has led to underperformance in the broader restaurant sector. Restaurant stocks were down about 9% on average last week, according to Deutsche Bank, with fast casual seeing the weakest performance. This was led by Chipotle's 23% stock decline over the period following lackluster quarterly earnings. Deutsche Bank analysts described Starbucks' steady stock performance last week as "a bit of an anomaly to the industry," pointing to bright spots in the company's recent earnings release. On Tuesday, Starbucks stock fell nearly 2% as the broader stock market sold off. Shares have tumbled nearly 14% since the start of 2025, compared to the S & P 500's more than 15% advance. Bottom line While the China deal's structure wasn't what we were expecting, it does lock in meaningful cash for Starbucks to improve its other operations. The move helps retain a healthier long-term stake in the company's second-largest market, as well. Plus, the deal could prove to be a smart move down the road, given that local partners have a better grasp of China's complex and competitive coffee market. All of this, combined with signs of operational recovery in its turnaround story, allows us to maintain our buy-equivalent 1 rating and $100 price target on the stock. (Jim Cramer's Charitable Trust is long SBUX. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.