Published
7 months agoon
By
adminCheck out the companies making headlines before the opening bell. Lithium Americas — Shares jumped 32% after the Department of Energy said Tuesday it plans to take a 5% equity stake in the lithium miner. AES — The renewable and thermal power producer climbed 11% after a Financial Times report that Blackrock-owned Global Infrastructure Partners is in late-stage talks to acquire the Virginia-based utility. Bank stocks — Financials fell broadly as traders weighed the economic ramifications of the U.S. government shutdown. JPMorgan Chase and Goldman Sachs lost about 0.6%., Wells Fargo fell 0.8% and Citigroup shed 1%. Sunrun — The solar panel maker rose nearly 5% after a Jefferies upgrade to buy from hold highlighted Sunrun’s strong cash generation. Peloton — The exercise equipment maker added 5% after it said it’s revamping its product assortment , launching a commercial equipment line and raising prices for both subscriptions and hardware ahead of the holiday season. Nike — The athletic shoe and clothing maker rose about 4% after beating Wall Street expectations for both revenue and net income in the first fiscal quarter and saying it sees better-than-expected sales growth. Nike warned that sales could slide this holiday season, however, and that it’s experiencing higher tariff costs than previously anticipated. Coinbase — The cryptocurrency platform advanced more than 2% after BTIG initiated research coverage with a buy rating, and crypto-related stocks are moving higher Wednesday as Bitcoin rallies. Additionally, The Information said Tuesday that the Securities and Exchange Commission is developing a plan to regulate stock trading on blockchains—a regulatory shift that could benefit Coinbase. Netflix — The media streaming stock fell more than 1% after Tesla CEO Elon Musk posted Wednesday on X that users should cancel their Netflix subscriptions, kicking off a wave of boycott calls. Delta Air Lines — The Atlanta-based carrier added about 1%. Jefferies upgraded Delta to buy from hold, saying it had increased confidence in wider fourth quarter profit margins. Carvana — The used car seller advanced 1% after it debuted same-day delivery services in the San Francisco Bay Area. Wolfspeed — The chipmaker added another 1% after formally exiting Chapter 11 bankruptcy protection, saying it reduced its total debt by some 70%, cut it annual cash interest costs by about 60% and has “ample liquidity” to continue supplying customers. — CNBC’s Alex Harring, Fred Imbert and Sarah Min contributed reporting
This industrial giant is emerging as a big AI play, says Wells Fargo
Novo Nordisk’s strategy tested as investors push back on board revamp
Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan
UK borrowing costs spike on report government to scrap plans to raise income tax
Trump’s threatened the BBC with a $1B lawsuit: Here’s what’s going on
UBS’s picks for global returns next year
Wells Fargo sees Caterpillar continuing to roar higher, emerging as an artificial intelligence play. The bank initiated shares of...
Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic...
Key Points Alibaba plans to use “tokenization” of payments for cross-border transactions in its business-to-business arm. Kuo Zhang, president...
Rachel Reeves, U.K. chancellor of the exchequer, delivers a speech in London, UK, on Tuesday, Nov. 4, 2025. Bloomberg...
US President Donald Trump speaks to reporters as he arrives at Palm Beach International Airport on Oct. 31,...
Investors looking for global diversification opportunities should look to a specific subset of stocks in Europe, according to UBS...
Eakarat Buanoi | Istock | Getty Images LISBON, Portugal — Top tech executives told CNBC they’re concerned about...
Tan Su Shan, deputy chief executive officer and managing director of institutional banking at DBS Group Holdings Ltd., speaks during...
CHENGDU, CHINA – OCTOBER 18: People walk past the Louis Vuitton store at Taikoo Li, a high-end shopping area that...
The United States said Thursday it will remove tariffs on some foods and other imports from Argentina, Ecuador, Guatemala and...
