Charlie Munger at the Berkshire Hathaway press conference on April 30, 2022. CNBC The investing community lost one of its pillars Tuesday with the death of Berkshire Hathaway vice chair Charlie Munger, according to Ariel Investments’ Charles Bobrinskoy. He was a “true master of investing,” Bobrinskoy, the firm’s vice chair, said on CNBC’s “Closing Bell:…

Check out the companies making the biggest moves midday: PDD Holdings — U.S.-listed shares of the international ecommerce company jumped more than 18% after PDD posted a big earnings and revenue beat . PDD, the parent of Pinduoduo and Temu, reported a whopping 94% year-over-year increase in revenue for its third quarter. The company moved…

Check out the companies making headlines in premarket trading. Affirm — The fintech provider of “buy now pay later” services rose 2% after an upgrade to hold at Jefferies on Tuesday. The upgrade was underpinned by “recent evidence of stabilizing cost of capital and capital markets activity, stabilizing (if not improving) credit performance, and ongoing…

Wells Fargo Securities is officially out with its 2024 stock market forecast. Chris Harvey, the firm’s head of equity strategy, sees a volatile path to his S&P 500 to 4,625 year-end target. “It’s really hard to get excited. If we have better [economic] growth, then the Fed doesn’t do anything,” he told CNBC’s “Fast Money” on…

The Nasdaq MarketSite is seen on October 12, 2022 in New York City. The Nasdaq Composite Index yesterday hit its lowest level since July, slipping into a bear market for the second time this year. (Photo by Michael M. Santiago/Getty Images) Michael M. Santiago | Getty Images The rapid growth in short-dated options that have…

Check out the companies making headlines in midday trading. Foot Locker — The shoe and apparel retailer shed 1% on the back of a Citi downgrade to sell from neutral. Citi said Foot Locker is in a bad environment for staging a turnaround. Carnival — Shares added 1% after being upgraded to buy from hold…

A customer enters Comerica Inc. Bank headquarters in Dallas, Texas. Cooper Neill | Bloomberg | Getty Images A trio of regional banks face increasing pressure on returns and profitability that makes them potential targets for acquisition by a larger rival, according to KBW analysts. Banks with between $80 billion and $120 billion in assets are…

Check out the companies making headlines before the bell. Okta — The cybersecurity company fell 1.4% after Jefferies downgraded shares to market perform from outperform. Okta’s security breach announced on Oct. 20 has significantly degraded the brand and lead to a lack of trust among its customers, according to Jefferies. Teva Pharmaceutical — Shares gained…

Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images The crypto industry can finally close the chapter on a litany of scandals and problems after Binance was hit with a historic settlement by the…

Cautious investors piling into cash may want to consider other options. According to SPDR Exchange Traded Funds’ Matthew Bartolini, active management can also provide them with stability and income while creating more opportunities for upside. “Active fixed income has been really a consistent engine of support within the active [ETF] construct — not only from…