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☆ Nvidia shares pop as CEO may be done selling shares after hitting preset plan limit
▼ + stars: | 2024-09-24 | by ( Yun Li | ) www.cnbc.com time to read: 1 min

Nvidia CEO Jensen Huang is done selling the chipmaker's stock for the time being, cashing in more than $700 million under a prearranged plan. The 61-year-old executive in mid-March adopted a trading plan for the sale of up to six million Nvidia shares by the end of the first quarter of 2025. Huang has hit that threshold months ahead of schedule after a flurry of transactions between June 13 and Sept. 12, according to a new regulatory filing. Even though the sales were made under a 10b5-1 plan, which allows insiders to sell shares under a preplanned structure, Nvidia shares seemed to get a boost from the update Tuesday, trading more than 4% higher.

Persons: Jensen Huang, Huang Organizations: Nvidia

☆ Nvidia leads list of 10-bagger stocks the last five years. But be careful
▼ + stars: | 2024-09-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Nvidia is the latest poster child on Wall Street for "10 baggers," stocks that soar in price 10 times. But the AI chipmaker's path to " 10-bagger " status included what is also a typical slump (or two) along the way, according to Trivariate Research. To find the 84 stocks, Parker looked for names with market capitalizations over $2 billion and average daily trading volume of at least $30 million. He then screened for stocks that achieved 10-bagger status, and further culled the list to only those that accomplished the feat in the past 25 years. The chart below contains the names that achieved 10-bagger status most recently, along with information on their drawdowns.

Persons: Morgan Stanley, Adam Parker, Parker, Trivariate, they've, Jensen Huang, Tesla Organizations: Nvidia, Research

☆ 10 things to watch in the stock market Monday: Getting ready for big earnings coming
▼ + stars: | 2024-09-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

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.

Persons: It's, Dow, Jim Cramer's takeaways, Cowen, Bernstein, Davidson, Dr Pepper, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim Organizations: Micron, Jefferies, Costco, Nasdaq, Intel, Qualcomm, Apollo Global Management, JPMorgan, Nike, Dow, General Motors, Microsoft, Club, Holdings, Bank of America, Citi, Apple, Barclays, Constellation Energy, Jim Cramer's Charitable, CNBC Locations: San Francisco

☆ Stocks making the biggest moves midday: Micron, Tesla, Ulta, Intel and more
▼ + stars: | 2024-09-23 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Micron Technology — Micron edged 2.7% higher after JPMorgan reiterated the stock as overweight ahead of the memory chipmaker's earnings, which are expected Wednesday after market close. Monday's gain put the stock on track for its biggest advance since Aug. 28, when it popped 9%. Ulta — The cosmetics stock lost more than 3% after a downgrade to hold from buy at TD Cowen. Biohaven — Shares surged 12% after the clinical-stage pharma company announced positive trial data for its drug treating spinocerebellar ataxia known as troriluzole. Intel — Shares of the struggling chipmaker climbed 2.4% after Bloomberg News reported on Sunday that Apollo Global Management proposed to make a multibillion-dollar investment in Intel.

Persons: Harlan Sur, General Motors, Bernstein, Cowen, troriluzole, Ciena, Jesse Pound, Alex Harring, Samantha Subin, Sean Conlon Organizations: Micron Technology, Micron, JPMorgan, Tesla, Barclays, U.S . Army, General, pharma, Intel —, Bloomberg, Apollo Global Management, Intel, CNBC, Qualcomm, Citi

☆ Intel's wild week leaves Wall Street more uncertain than ever about chipmaker's future
▼ + stars: | 2024-09-21 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

The rally provides little relief to CEO Pat Gelsinger, who has had a tough run since taking the helm in 2021. Intel CEO Pat Gelsinger speaks while showing silicon wafers during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. That prospect would be more palatable to Wall Street if Intel's core business was at the top of its game. Microsoft CEO Satya Nadella said in February that it would use Intel to produce a chip, but didn't provide details. U.S. President Joe Biden listens to Intel CEO Pat Gelsinger as he attends the groundbreaking of the new Intel semiconductor manufacturing facility in New Albany, Ohio, U.S., September 9, 2022.

Persons: Patrick Gelsinger, Brendan Smialowski, Pat Gelsinger, Seth Wenig, Gelsinger, CNBC's Jon Fortt, Intel hasn't, Fortt, Satya Nadella, Joe Biden, Joshua Roberts Organizations: Intel, AFP, Getty, CNBC, Qualcomm, Nvidia, AP, U.S, Taiwan Semiconductor Manufacturing Company, Samsung, Apple, Microsoft, Intel Foundry Locations: Chandler , Arizona, New York, Silicon Valley, Poland, Germany, Malaysian, New Albany , Ohio, U.S

☆ Stocks making the biggest moves midday: FedEx, Nike, Constellation Energy and more
▼ + stars: | 2024-09-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Constellation Energy – Shares surged more than 17% after the company announced plans to restart the Three Mile Island nuclear plant and sell that power to Microsoft to satisfy the energy needs of its data centers. ASML – The semiconductor stock slid 3.4% in the wake of a Morgan Stanley downgrade to equal weight from overweight. Morgan Stanley said the risk-to-reward ratio has been "balancing." Centessa Pharmaceuticals – The biotech stock rose more than 4% after Morgan Stanley upgraded it to overweight from equal weight. Valero Energy – The energy stock declined nearly 3% after a Piper Sandler downgrade to neutral from an overweight rating, citing "less room for outperformance."

Persons: Raj Subramaniam, Elliott Hill, John Danahoe, Eli Lilly's orforglipron, Eli Lilly, Vistra, it's, Donald Trump, Lennar, ASML, Morgan Stanley, Piper Sandler, Buddy Chester, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: FedEx, Nike, Constellation Energy, Microsoft, Novo Nordisk –, Deutsche Bank, Corbus Pharmaceuticals, Novo Nordisk's, Viking Therapeutics, Vision, Trump Media & Technology, Pharmaceuticals, Valero Energy Locations: Novo, Texas

☆ Mark Zuckerberg is now $70 billion richer this year — and almost in the $200 billion club
▼ + stars: | 2024-09-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg's fortune has ballooned by about $70 billion this year. The Meta CEO is now worth $198 billion, up from $128 billion at the start of the year. The Meta cofounder and CEO has become $70.3 billion richer this year, boosting his net worth to $198 billion, according to the Bloomberg Billionaires Index. Zuckerberg now ranks third on the rich list, ahead of LVMH CEO Bernard Arnault (worth $183 billion) and Oracle's Larry Ellison (worth $179 billion). AdvertisementHowever, Huang's fortune has grown by $59.4 billion to $103 billion this year, with Nvidia stock up 144% since the start of January.

Persons: Mark Zuckerberg's, Nvidia's Jensen Huang, —, Mark Zuckerberg, Jensen Huang, Zuckerberg, Bernard Arnault, Larry Ellison, Huang Organizations: Service, Bloomberg, Nvidia, Meta Locations: Meta

☆ China would love a domestic Nvidia rival — but that's proving quite the challenge
▼ + stars: | 2024-09-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

The U.S. government has restricted the export of Nvidia's most advanced chips to China since 2022, with restrictions tightening last year. "These companies have made notable progress in developing AI chips tailored to specific applications (ASICs)," Wei Sun, a senior analyst at Counterpoint Research, told CNBC. China's key challengesThe flags of China and the USA are being displayed on a smartphone, with an NVIDIA chip visible in the background. Huawei leading the packTriolo identified Huawei as one of the leaders in China with its Ascend series of data center processors. In its annual report earlier this year, Nvidia explicitly identified Huawei, among other companies, as a competitor in areas such as chips, software for AI and networking products.

Persons: Nvidia's, China's, Wei Sun, Paul Triolo, Albright Stonebridge, SMIC, TSMC, Triolo, Chip IPOs Organizations: Nvidia, CNBC, Huawei, Alibaba, Baidu, Technology, Counterpoint Research, NVIDIA, Nurphoto, Wall Locations: Beijing, wean, China, U.S, USA, SMIC

☆ UAW warns of potential strikes at Ford, Stellantis a year after unprecedented work stoppages
▼ + stars: | 2024-09-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – A year after unprecedented strikes by the United Auto Workers against the Detroit automakers, the union is once again threatening work stoppages that could disrupt the U.S. automotive industry. Both announcements amount to warning shots against Ford and Stellantis and center on local union contracts. Local contracts have historically taken months, if not years, to settle after a national agreement is reached. Last year's auto worker strikes came during historic negotiations over national contracts with all three Detroit automakers at once. The UAW did not immediately respond for comment Thursday regarding updates on the announcements or how many local contracts remain under negotiation.

Persons: Shawn Fain Organizations: Mopar, Center, DETROIT, United Auto Workers, Detroit automakers, UAW, Wednesday, Ford, General Motors, Detroit Locations: Center Line, Michigan, Detroit, U.S

☆ Mark Zuckerberg's starry watch isn't just the price of a Cybertruck, it's another major step up in his style game
▼ + stars: | 2024-09-19 | by ( Aditi Bharade | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Read previewHere's the latest sign of Mark Zuckerberg's style evolution — a luxury watch depicting the Milky Way. Mark Zuckerberg spotted yesterday during the @AcquiredFM live wearing a DB25 Starry Varius in rose gold from De Bethune. 👀 pic.twitter.com/raZRTyzmAz — ZwapX (@zwapxofficial) September 11, 2024This is not the first premium watch Zuckerberg has been spotted wearing. "His recent style evolution, shown by a love for premium watches and subtle luxury, suggests a shift." To be sure, Zuckerberg's style evolution might have less to do with aesthetics and more to do with an intentional strategy to cultivate a relatable and attractive personal image.

Persons: —, Mark, De Bethune, Bryan Li, Mark Zuckerberg, De, 👀, ove Organizations: Service, De Bethune DB, Business, Swiss Locations: De Bethune, ife

☆ OpenAI's power players: Meet the 20 leaders helping shape the future of the AI giant
▼ + stars: | 2024-09-18 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +18 min

Last November, the sudden ouster of CEO Sam Altman and the resulting revolt by most of its employees cast doubts on the future of the world's most prominent AI company. While by no means a comprehensive list, below are some of the key power players who are helping to determine OpenAI's future. He took over for his former boss, Jason Kwon, who has since become the company's chief strategy officer. She's also been referred to as OpenAI's "minister of truth" for her efforts to ensure the company's AI products aren't deceptive or biased. ResearchJakub Pachocki, Chief ScientistRelated storiesPachocki joined OpenAI's research in 2017 after completing a PhD in computer science at Carnegie Mellon University.

Persons: —, Sam Altman, OpenAI, Sarah Friar, Friar, Goldman Sachs, She's, Jason Kwon, Kwon, Anna Makanju, Global Affairs Chris Lehane, Che Cheng, OpenAI's, Cheng, Mira Murati, Murati, Kevin Weil, Weil, Instagram, Peter Welinder, Peter Deng, Research Jakub Pachocki, Pachocki, Ilya Sutkever, Ilya, Mark Chen, Chen, Bob McGrew, Sam Altman's, Lilian Weng, Weng, Aleksandr Madry, Barret Zoph, John Schulman, Zoph, Alec Radford, Radford, Zico Kolter, Kolter, Paul Nakasone, Bret Taylor, Taylor, He's, Larry Summers, Fidji Simo, Melinda Gates, Nicole Seligman, Adam D'Angelo, Quora, Altman, D'Angelo, Andrea Appella, Haidee Schwartz, Schwartz, Akin Gump, She'll, Heather Whitney, Whitney, Morrison Foerster, Makanju, Sam, Biden, Chris Lehane, Lehane, Clinton Organizations: Service, OpenAI, Business, Microsoft, Apple, Google, Khosla Ventures, Global, Global Affairs, Amazon, supercomputing, Tesla, Meta, Twitter, ChatGPT Enterprise, Research, Carnegie Mellon University, MIT, Facebook, Security, Machine Learning Department, Carnegie Mellon Carnegie Mellon, Stanford, CMU, Safety, Security Committee, US Army, NSA, US Cyber Command, Defense Department, U.S, Melinda Gates Foundation, Global Competition, Netflix, Century Fox, Competition, Federal Trade Commission, New York Times, Harvard Law School, University of Chicago Law School, NYU, Canada, Global Policy, Public Affairs, House, Newsweek Locations: Europe, Washington, OpenAI, Silicon, Middle East, Asia, London, Chan, Airbnb

WASHINGTON — Sen. Bernie Sanders, I-Vt., renewed his criticism of drugmaker Novo Nordisk on Tuesday, claiming that the CEOs of major generic pharmaceutical companies have told him that they can produce and sell its blockbuster diabetes drug Ozempic for less than $100 a month. During Tuesday's roundtable, Sanders said his recent conversations with generic drugmakers revealed that Novo Nordisk's pricing is "nothing less than excess corporate greed." “They have studied the math, and they tell me that they can sell a generic version of Ozempic, the exact same drug that Novo Nordisk is manufacturing, to Americans for less than $100 a month," Sanders said. Sanders’ office declined to say which generic drug companies told him that they could sell Ozempic at a fraction of what Novo Nordisk charges. Novo Nordisk did not immediately respond to a request for comment.

Persons: WASHINGTON — Sen, Bernie Sanders, Sanders, Lars Fruergaard Jorgensen's, Jorgensen, Wegovy, Dale Folwell, Eli Lilly's Organizations: drugmaker Novo Nordisk, Capitol, Novo Nordisk, Health, Education, Labor, Pensions, Wegovy, Nordisk, Yale Locations: U.S, Novo, Denmark, Germany, United Kingdom, North Carolina

☆ Shares of Broadcom should be higher given the chipmaker's AI growth outlook
▼ + stars: | 2024-09-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. 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. 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.

Persons: Jim Cramer, we've, Stanley Black, Decker, Jim, Hock Tan, Stocks, Jim Cramer's Organizations: CNBC, TJX Companies, Depot, Microsoft, Management, Excel, Broadcom, Intel, Hewlett Packard Enterprise, Devices

☆ Jim Cramer says selling Apple on iPhone 16 demand fears is foolish
▼ + stars: | 2024-09-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Home Depot , our newest Club holding, stands out as the "single best" play for this rate cut environment, Jim Cramer said Monday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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.

Persons: Jim Cramer, Stocks, Jim, Eaton, Ming Chi, Kuo, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Depot, Club, Home Depot, Citi, Apple, Apple Intelligence, Colgate, Palmolive, Coca, Simon Property Group

☆ Here are Monday's biggest analyst calls: Tesla, Nvidia, Apple, Oracle, Carvana, Micron, Sprouts, Zillow, Coca-Cola & more
▼ + stars: | 2024-09-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Monday: Evercore ISI reiterates Alphabet as outperform Evercore says it's sticking with shares of the search giant. Morgan Stanley reiterates Micron as equal weight Morgan Stanley lowered its price target on the stock to $100 per share from $140. Morgan Stanley reiterates Tesla overweight Morgan Stanley says it's sticking with its overweight rating heading into Tesla's robotaxi day on Oct. 10. Morgan Stanley upgrades Ase Technology to overweight from equal weight Morgan Stanley said in its upgrade of Ase that the chipmaker's stock is defensive. Morgan Stanley upgrades Chart Industries to overweight from equal weight Morgan Stanley says the gas liquefication company has "significant exposure to both energy transition and renewables as well as traditional energy."

Persons: Evercore, Morgan Stanley, Tesla, Simon, Eaton, Wells, Pro Max, Carvana Evercore, Jack Sinclair, Curtis Valentine, Merchant Scott Neal, BTIG, Truist, Melius Organizations: DOJ, Micron, Technology, Industries, Citi, downgrades Colgate, Palmolive, CL, Barclays, GE, GE Vernova, JPMorgan, Apple, Pro, Ally, Mizuho, Oracle, " Bank of America, Nvidia, Bank of America Locations: Tesla's, Staples

☆ Ryanair may get five fewer planes by next summer due to Boeing strike, CEO says
▼ + stars: | 2024-09-14 | by ( ) www.cnbc.com time to read: +1 min

Ryanair Group CEO Michael O'Leary said on Saturday a prolonged Boeing workers' strike may cut the number of aircraft it receives by next summer to 20 from an anticipated 25. But now, with this week's Boeing's workers' strike further threatening the airplane maker's turnaround, O'Leary said Ryanair might only receive 20 planes if the strike continues for three to four weeks. "I have no doubt that Boeing will fix this strike," O'Leary told Ireland's Newstalk Radio. Workers have been protesting all week in Boeing factories in the Seattle area that assemble Boeing's MAX, 777 and 767 jets. Boeing and union negotiators will return to the bargaining table early next week as the two sides try to end a strike.

Persons: OAG's John Grant, Michael O'Leary, O'Leary, Ireland's Organizations: Summer, Ryanair, Boeing, Ireland's Newstalk, Workers Locations: Paris, Seattle

☆ This tech stock ETF just posted one of its best weeks of the past few years
▼ + stars: | 2024-09-13 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Leading technology stocks led an eye-popping rebound rally the past five days, driving a key ETF texchange traded fund to one of its best weeks in years. The Technology Select Sector SPDR Fund (XLK) surged 8.2% this week, the most since Nov. 11, 2022, when the fund gained 10.04%. XLK YTD mountain Technology Select Sector SPDR Fund (XLK) performance this year. Investors can thank a bounce back in megacap technology and semiconductor stocks this week that lifted all three major U.S. stock indexes. That alone suggests semiconductor stocks have lost their leadership status, at least for now, Turnquist said.

Persons: ChatGPT, Jensen Huang, Blackwell, Goldman Sachs, Adam Turnquist, Turnquist Organizations: texchange, Microsoft, Nvidia, Technology, Apple, Apple Watch, Semiconductor, Broadcom, LPL Financial, PHLX Semiconductor Locations: XLK

☆ To pop or not to pop: the smart way to invest in AI without worrying about the bubble
▼ + stars: | 2024-09-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

It's also common to draw parallels between the dot-com bubble and today's hype, leading investors to wonder if there's an AI bubble that's about to pop, too. Goldman Sachs' big AI headline of the month is "To buy, or not to buy, that is the question." The note from September 5, led by Peter Oppenheimer, suggests the answer is "to buy" but also to diversify. And the third is the application providers, which are the companies creating services for end users to harness AI. It comes from machine learning or big data workloads that various companies and governments use, Belton noted.

Persons: —, Goldman Sachs, Peter Oppenheimer, John Belton, doesn't, Brian Colello, Nancy Tengler, that's, it's, Tengler, Wall, Larry Ellison, Colello, Belton Organizations: Service, Business, Gabelli Funds, Morningstar Equity Research, Investments, Nvidia, Companies, Microsoft, Intel, Oracle, IBM, Broadcom, AMD, Cadence Design Systems, Google, AWS, Eaton Corporation Locations: GenAI, Belton

☆ Goldman Sachs loves these 4 top European stocks — giving one 110% upside
▼ + stars: | 2024-09-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Four U.K.-listed stocks — one of which was given 110% upside — are among Goldman Sachs' European conviction list. While the S & P 500 fell by 5.85% in the first week of August, the FTSE 100, an index of the 100 largest London-listed stocks, outperformed by falling by only 2.4%. .FTSE .SPX 5Y line The investment bank said the FTSE 100 "can also provide good diversification from the concentrated and Tech-heavy S & P 500 ." The bank notes that SSE's "leading capabilities vs. peers position it well to capture this investment growth." The investment bank said the company "is at the start of a revenue acceleration" supported by increasing market share and expansion into new markets.

Persons: Goldman Sachs, Goldman, Sharon Bell, Tufan Erginbilgic, LSEG Goldman, LSEG Organizations: FTSE, SPX, Tech, BT Group, Royce, London Stock Exchange, BT, London Stock Exchange Group, Bloomberg, Microsoft Locations: British, London, United States

☆ Over 30,000 Boeing workers are preparing to strike after rejecting a new labor contract
▼ + stars: | 2024-09-13 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewOver 30,000 Boeing workers, or about 20% of the company's employees, are preparing to strike on Friday after rejecting a new labor contract. Workers in Washington and Oregon voted against an agreement that Boeing and the labor union for machinists and aerospace workers proposed on Sunday. The vote was the first full contract vote in 16 years. The tentative labor contract, which included a pay increase over four years, was touted as another win for the beleaguered company. The proposal left workers unsatisfied, Jon Holden, president of the IAM's district 751 and lead negotiator on the Boeing contract, told Reuters on Monday.

Persons: —, Max, Kelly Ortberg, Ortberg, TD Cowen, Jon Holden, Holden Organizations: Service, Workers, Boeing, Business, International Association of Machinists, Aerospace Workers, IAM, Reuters Locations: Washington, Oregon, Boeing's, North America, Pacific Northwest, California, Renton , Washington, Seattle, IAM's

☆ UAW, U.S. dealers increase criticism of Stellantis CEO over cuts, sales declines
▼ + stars: | 2024-09-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

David Dee Delgado | ReutersDETROIT – Stellantis ' U.S. dealer network has joined the United Auto Workers union in criticizing CEO Carlos Tavares for the company's recent sales declines, factory production cuts and other decisions they deem detrimental to the automaker's business. "The market share of your brands has been slashed nearly in half, Stellantis stock price is tumbling, plants are closing, layoffs are rampant, and key executives fleeing the company. We will continue to work with our dealers to avoid any public disputes that will delay our ability to deliver results." Stellantis reported a record profit in 2023, but so far this year, the automaker reported a first-half net profit of 5.6 billion euros ($6.07 billion), down 48% from the same period of 2023. It's part of his "Dare Forward 2030" plan to increase profits and double revenue to 300 billion euros ($325 billion) by 2030.

Persons: Carlos Tavares, David Dee Delgado, Tavares, Kevin Farrish, Farrish, Ford Stellantis, Stellantis, Shawn Fain, Kamala Harris, Tim Walz, Rebecca Cook Organizations: New York, Auto, Reuters DETROIT, United Auto Workers, Chrysler, Dodge, Investor, Bloomberg, Stellantis, GM, Fiat Chrysler, France's PSA Groupe, UAW, U.S, Democratic Locations: Manhattan , New York, U.S, Virginia, Romulus , Michigan

☆ Trump Media shares plunge premarket after GOP nominee's debate with Harris
▼ + stars: | 2024-09-11 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Former US President and Republican presidential candidate Donald Trump walks away during a commercial break as US Vice President and Democratic presidential candidate Kamala Harris take notes during a presidential debate at the National Constitution Center in Philadelphia, Pennsylvania, on September 10, 2024. The share price of Trump Media plunged more than 14% before the opening bell Wednesday, a day after its majority shareholder Donald Trump delivered a widely panned presidential debate performance against Vice President Kamala Harris. Investing in the Truth Social maker's stock has come to be seen as a way to bet on the political fortunes of Trump, the Republican presidential nominee. Harris' team, projecting confidence, immediately challenged Trump to another debate after the first one ended. Trump Media, which trades as DJT on the Nasdaq, had surged as much as 10% in intraday trading Tuesday, possibly indicating optimism about how Trump would fare in the debate.

Persons: Donald Trump, Kamala Harris, weren't, Harris, Trump Organizations: Republican, Democratic, National Constitution Center, Trump Media, Trump, Nasdaq Locations: Philadelphia , Pennsylvania, Philadelphia

☆ Stocks making the biggest moves midday: Palantir Technologies, Summit Therapeutics, JetBlue Airways and more
▼ + stars: | 2024-09-09 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Palantir Technologies , Dell Technologies — Palantir and Dell jumped 14% and nearly 4%, respectively, following the announcement after the bell Friday that both stocks would join the S & P 500 before the open on Sept. 23. Palantir is set to take American Airlines' spot, while Dell is going to replace Etsy. JetBlue Airways — The airline stock popped around 7% after Bank of America analyst Andrew Didora upgraded the firm to neutral from underperform. Cannabis stocks — Cannabis stocks moved higher after former President Donald Trump said in a Truth Social post that he will support legalizing adult marijuana use in Florida. A logo outside the Palantir Technologies pavilion ahead of the World Economic Forum in Davos, Switzerland, on Jan. 15, 2024.

Persons: Dell, Merck's, Andrew Didora, Didora, Arm's, Donald Trump, —, Alex Harring, Hakyung Kim, Yun Li, Jesse Pound, Michelle Fox, Stefan Wermuth Organizations: Palantir Technologies, Dell Technologies, American Airlines, Etsy, Therapeutics, Merck, JetBlue Airways —, Bank of America, JetBlue, Boeing, Citi, Federal Reserve, Arm Holdings, Financial, Apple, Monday, United States Steel, JPMorgan, Nippon Steel, Tilray Brands, Cannabis ETF, Economic, Bloomberg, Getty Locations: Florida, Davos, Switzerland

☆ Wall Street is turning less bullish on tech darling ASML for several key reasons
▼ + stars: | 2024-09-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Analysts at major Wall Street banks are getting more cautious on chip darling ASML , raising concerns about the critical chip equipment maker's demand outlook. Earlier this week, investment bank UBS downgraded ASML to "neutral" and cut its price target on the stock to 900 euros ($1,000.78) from 1,050 euros previously. Other Wall Street banks have subsequently come out with their own respective analyses on ASML — and they're more downbeat than they were before. The bank remains bullish on the stock, though, keeping ASML in its top pick for EU semiconductor equipment stocks. UBS cautioned ASML's machines could face a slowdown in demand due to an "architecture shift" to gate all around architecture, or GAA.

Persons: Morgan Stanley, ASML, ASML's, Morgan Stanley's, EUV, Biden, Christophe Fouquet, Jefferies Organizations: UBS, Intel, Bank of America, ASML's, Samsung, Nvidia, SK Hynix, Base Management, Dutch, Citi, Investment Locations: ASML, U.S, China, New York

☆ Apple is losing ground in China. Here's how the iPhone 16 can help.
▼ + stars: | 2024-09-07 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Wang Gang/Getty ImagesIt's worth noting that in its 15-year history with the iPhone in China, Apple has been the dominant force in the smartphone market. Other local smartphone manufacturers, including Honor, Xiaomi, and Vivo, have also seen gains over the past year. The upcoming iPhone 16 will introduce users to Apple Intelligence, its new suite of generative AI features, first introduced at its June Worldwide Developers Conference. Apple is betting on Apple Intelligence to boost iPhone sales. The company is seeking a local partner to bring more advanced chatbot features to Apple Intelligence in China.

Persons: —, Tim Cook, It's, Wang Gang, Apple, Xiaomi, Cook, ChatGPT, Wedbush, Paolo Pescatore Organizations: Service, Apple, Weibo, Business, China Apple, Huawei, Pura, Apple Intelligence Apple, Apple Intelligence, Foresight Locations: China, Shanghai, He'll, Cupertino

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