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☆ Stocks making the biggest moves midday: Rivian Automotive, Anheuser-Busch Inbev, Ford and more
▼ + stars: | 2025-01-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Rivian Automotive – Shares popped 19% after the electric vehicle maker's vehicle production and deliveries for 2024 met the company's previously announced guidance. U.S. Steel – Shares fell 6% following President Joe Biden's decision to block Japan's Nippon Steel from acquiring U.S. Steel . Meanwhile, Constellation Brands shares fell 1%. Ford , General Motors – Shares of Ford and General Motors increased after both automakers posted their best annual U.S. sales since 2019 . Ford gained 2%, while General Motors rose 0.4%.

Persons: Joe Biden's, Biden, Raymond James, John Davis, Wolfe, Vivek Murthy, Hindenburg, Ford, —, Alex Harring, Sarah Min, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Rivian, U.S . Steel, Japan's Nippon Steel, Wolfe Research, U.S, Diageo, Anheuser, Busch Inbev, Molson Coors, Constellation Brands, Constellation Energy, General Motors, Ford, JetBlue Airways, Department of Transportation, JetBlue

☆ Corporate interests commit millions to celebrate Trump’s inauguration
▼ + stars: | 2024-12-26 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +10 min

Trump’s committee has not publicly released a budget, but the committee that oversaw his first inauguration in 2017 raised a then-record amount, nearly $107 million. A Trump inaugural committee spokesperson did not respond to questions about the committee’s fundraising goals. The race this year to help finance Trump’s inauguration underscores how much the country’s political climate has changed. That’s a substantial increase from 2017 when Ford and GM contributed $250,000 and nearly $500,000, respectively, to support Trump’s first inauguration. Spokespeople for AT&T and Bank of America told CNN they are contributing to Trump’s committee but are not yet disclosing the size of those donations.

Persons: CNN —, Donald Trump’s, Melania, Ken Griffin, ”, Michael Beckel, Trump, Trump’s, Paul Atkins, David Sacks, “ Coinbase, ” Kara Calvert, Coinbase, ” “ We’re, Robinhood, Mary Elizabeth Taylor, Joe Biden’s, Barack Obama, Biden’s, OpenSecrets, Sheldon Adelson, Miriam Adelson, Adelson, Who’s, Biden, Ford, General Motors –, JD Vance, Usha Vance, ” Beckel, ” CNN’s Sara Murray Organizations: CNN, CNN — Fortune, Ford Motor Company, Joint, Federal, Securities and Exchange Commission, Trump, Inc, Trump Organization, PAC, Capitol, GOP, Biden’s, General Motors, Ford, GM, Trump’s, T, Bank of America Locations: Washington, America, North America, Florida, “

☆ Stocks making the biggest moves premarket: GameStop, Macy's, GE Vernova, Duolingo and more
▼ + stars: | 2024-12-11 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

GE Vernova — The energy equipment maker fell 2.4% after it issued weaker-than-expected full-year revenue guidance for both the 2024 and 2025 fiscal years. GE Vernova also announced it would initiate a dividend of 25 cents per share and an initial $6 billion share repurchase authorization. Duolingo — Shares of the language learning company slipped by about 2% after a downgrade to neutral from buy at Bank of America. GameStop — The video game retailer saw shares rising more than 3% in premarket trading after the firm reported an unexpected profit in the latest quarter. Stitch Fix also raised the top end of its full-year revenue outlook and now expects $1.14 billion to $1.18 billion.

Persons: GE Vernova, Buster's, Duolingo, FactSet, General Motors, Bausch, Yun Li, Lisa Kailai Han, Hakyung Kim, Michelle Fox, Samantha Subin, Jesse Pound, Spencer Kimball Organizations: GE, Bank of America, GameStop, Google, Patterson, —, Patient Square Capital, General, GM, Citigroup, JPMorgan Locations: Detroit, Stifel

☆ Stocks making the biggest moves after hours: General Motors, Dave & Buster's, GE Vernova and more
▼ + stars: | 2024-12-10 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

General Motors said that it would no longer fund robotaxi development by self-driving car company Cruise. GM said it will instead turn its focus on advanced driver assistance systems and autonomous systems in personal vehicles. Dave & Buster's posted a loss of 84 cents per share on revenue of $453 million in the third quarter. That was worse than the Street's estimates for a loss of 37 cents a share and $466 million in revenue, per LSEG. GE Vernova also announced it would initiate a dividend of 25 cents per share and a $6 billion repurchase authorization.

Persons: Buster's, Chris Morris, GE Vernova, Skillsoft, Morgan Stanley, Cantor Fitzgerald, —, Darla Mercado Organizations: General Motors, Cruise, GM, Buster's, GE, FactSet, Rocket Pharmaceuticals, Leerink Partners, LifeSci

☆ Stocks making the biggest moves premarket: Salesforce, Foot Locker, Pure Storage, PSQ Holdings & more
▼ + stars: | 2024-12-04 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell: Salesforce — Shares rallied more than 12% after the enterprise software company posted a third-quarter revenue beat. Salesforce reported $9.44 billion in revenue, better than the $9.35 billion expected by analysts, according to LSEG. Pure Storage — Shares surged 21% after Pure Storage beat fiscal third-quarter estimates and highlighted it won a contract with a major tech company. Foot Locker — The stock sank nearly 15% after the sneaker giant posted an earnings and revenue miss. Chewy's $2.88 billion revenue came in line with estimates.

Persons: Salesforce, Jeff Davis, Charles Giancarlo, CNBC's, Piper Sandler, Locker, —, Okta, Donald Trump Jr, LSEG, Campbell, Mick Beekhuizen, Roku, Needham, Laura Martin, — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Yun Li, Pia Singh Organizations: Marvell Technology, Marvell, Wall, JPMorgan, PSQ Holdings, General Motors, Detroit automaker, SAIC Motor Corp Locations: China

☆ Stocks making the biggest moves midday: United Airlines, Morgan Stanley, ASML, Prologis and more
▼ + stars: | 2024-10-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

United Airlines – The stock soared 11% after the airline posted an earnings and revenue beat for the third quarter and guided for a strong fourth quarter. In addition, United said it is starting a $1.5 billion share buyback, its first since before the Covid pandemic. The firm posted earnings of $1.88 per share, higher than the $1.58 expected by a LSEG analyst poll. J.B Hunt Transport Services – Shares added 3.4% after the company posted a top and bottom line beat. J.B. Hunt posted $1.49 earnings per share on $3.07 billion of revenue in the third quarter.

Persons: United, Morgan Stanley, Novocure, J.B, Hunt, LSEG, Aspen Aerogels, FactSet, Prologis, Hamid Moghadam, —, Alex Harring, Hakyung Kim, Samantha Subin, Pia Singh, Michelle Fox Organizations: Food and Drug Administration, United Airlines, Revenue, Cisco Systems, Citi, Food, ASML, J.B Hunt, Aspen, of Energy, U.S . Bancorp, General Motors, Lithium Americas Corp Locations: Dutch, U.S

☆ Stocks making the biggest moves premarket: Intel, Pinterest, Palantir and more
▼ + stars: | 2024-09-23 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

CNBC confirmed on Friday that Qualcomm had recently approached Intel about a takeover. Ciena – The networking software maker added more than 4% after a double upgrade by Citigroup to buy from sell cited an improving landscape in the broader telecommunications/cable industry. The bank sees bookings growth heading into next year. The bank sees an increasing relevance of the platform among users and expects strong revenue growth over the next few years. Palantir – The maker of software platforms to help companies analyze data declined more than 1%.

Persons: Ciena, Morgan Stanley, Palantir, Raymond James, Harlan Sur, —, Samantha Subin, Sarah Min, Pia Singh Organizations: Intel, Apollo Global Management, Bloomberg, CNBC, Qualcomm, Citigroup, Constellation Energy, Microsoft, Deutsche Bank, General Motors, Chevrolet, Micron Technology, JPMorgan Locations: Pennsylvania, The Boise , Idaho

☆ Stocks making the biggest moves midday: Affirm, General Motors, Apple and more
▼ + stars: | 2024-06-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Affirm Holdings – The stock popped nearly 7% following the announcement that its buy now, pay later loans will be embedded into Apple Pay as an option for purchases. U.S. Apple Pay users on iPhones and iPads will be able to use the option later this year, the company said in a filing. General Motors – The automaker's stock added about 2% after announcing a $6 billion share repurchase program. Apple – The stock jumped around 6% one day after the iPhone maker announced its artificial intelligence strategy at its Worldwide Developers Conference . GameStop – The stock rose about 2%, trimming losses after its recent slide.

Persons: General Motors, Siri, Keith Gill, Pierre Brondeau, Mark Douglas, Ronaldo Pereira, Elliott, Lee Cole, FactSet, —, Alex Harring, Samantha Subin, Lisa Kailai Han, Pia Singh, Sarah Min, Jesse Pound Organizations: Apple Pay, Apple, General, GM, Worldwide Developers, OpenAI, GameStop, FMC, JPMorgan, Reuters, Apollo, Kyndryl Holdings, Southwest Airlines –, Academy Sports, Bank of America Locations: Southwest

☆ Regulators give green light to driverless taxis in San Francisco
▼ + stars: | 2023-08-11 | by ( Nadia Bidarian | ) edition.cnn.com time to read: +6 min

San Francisco first responders, city transportation leaders and local activists are among those who shared concerns about the technology. “Today’s permit marks the true beginning of our commercial operations in San Francisco,” said Tekedra Mawakana, co-CEO of Waymo, in a press release. Until Thursday’s vote, Cruise and Waymo could offer only limited service to San Francisco residents. The San Francisco Police Officers Association, San Francisco Deputy Sheriffs’ Association and the San Francisco Fire Fighters Local 798 all wrote letters to the CPUC in the week leading up to the originally scheduled vote on June 29. 2022 was the worst year on record for traffic fatalities in San Francisco since 2014, according to city data.

Persons: Cruise, “, ”, Tekedra Mawakana, Drew Pusateri, General Motors, Matthew Sutter, Justin Sullivan, Critics, Tracy McCray, Jeanine Nicholson, ” Nicholson, Waymo, Genevieve Shiroma, ” Shiroma Organizations: CNN, Cruise, San Francisco, California Public Utilities Commission, Waymo, General, Francisco, San, San Francisco Police, Association, Sheriffs ’ Association, San Francisco Fire Fighters, San Francisco Fire Department, San Francisco Municipal Transportation Agency Locations: California, San Francisco, San, Waymo, San Francisco , California, “

☆ Tesla stock's sizzling rally won't last as old-guard rivals like Ford and GM pile into the EV space, analyst says
▼ + stars: | 2023-06-30 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Tesla's sizzling rally won't last forever due to old-guard rivals like Ford producing more EVs, according to one analyst. The tech giant's shares have soared 109% in 2023 thanks to a breakneck rally since late April. But some of Wall Street's biggest names – including Goldman Sachs and Morgan Stanley – are warning the stock now looks overvalued. Tesla's stock has soared 109% in 2023, on track for the biggest six-month gain since 2020. Read more: Tesla stock's best run since 2020 is spoilt by Wall Street downgrades as Goldman Sachs, Morgan Stanley flag overvaluation risks

Persons: Tesla's, Goldman Sachs, Morgan Stanley –, —, Craig Irwin, I've, you've, – Ford, General Motors, that's, Tesla, Musk, Linda Yaccarino, Morgan Stanley, Irwin Organizations: Service, ROTH Capital Partners, Elon, Ford, GM ramping, Yahoo Finance, General, Big Tech, EV, Barclays, Yahoo, Tesla Locations: Wall

☆ Stocks making the biggest moves midday: Change Healthcare, Ford, PayPal, Humana and more
▼ + stars: | 2022-09-20 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Change Healthcare – Shares of Change Healthcare jumped 6.4% after a federal judge said that UnitedHealth cannot take over the company. Humana – Shares of health company Humana gained 1% and touched an all-time high a day after the company raised its earnings guidance for the fiscal year. Cognex — Shares of machine vision systems maker Cognex jumped nearly 7% after the company raised its revenue outlook for the current quarter. Olin — The manufacturing company fell 4.6% after issuing its third-quarter EBITDA guidance. MicroStrategy – Shares of software company MicroStrategy fell 4.6% after the company announced that it made its smallest purchase of Bitcoin in two years.

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