Budrul Chukrut | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Lucid Group — Lucid shares jumped 9% after the electric-vehicle maker said it will provide powertrain and battery systems to British luxury automaker Aston Martin. WSFS Financial — The regional bank added 4.4% after D.A. Davidson upgraded the stock…
A Tesla electric car is plugged into a recharging terminal at a Healthy Living Market store June 18, 2023 in South Burlington, Vermont. Robert Nickelsberg | Getty Images Check out the companies making the biggest moves in premarket trading: Tesla — Shares dropped 1.9% after Goldman Sachs became the latest Wall Street bank to downgrade…
A new ETF is making a big bet on real estate and other hard assets. CBRE’s Investment Management launched the IQ CBRE Real Assets ETF in May with the idea that it will deliver inflation protection in a rising interest rate environment. “The ETF market is lacking options in this space,” the ETF’s portfolio manager,…
Market Movers rounded up the best reactions from an investor and an analyst on Tesla . Dan Ives of Wedbush Securities and investor Ron Baron discussed the electric-vehicle maker after recent downgrades from Barclays and Morgan Stanley . The chairman and CEO of Baron Capital said on CNBC’s ” Squawk Box” Friday that he sees…
A robot plays the piano at the Apsara Conference, a cloud computing and artificial intelligence conference, in China, on Oct. 19, 2021. While China revamps its rulebook for tech, the European Union is thrashing out its own regulatory framework to rein in AI but has yet to pass the finish line. Str | Afp |…
A view of the Starbucks vending van during its debut in Hangzhou, the capital of China’s Zhejiang province, June 7, 2022. Long Wei | Future Publishing | Getty Images Check out the companies making headlines in midday trading. Starbucks — Starbucks shares lost nearly 3% after a union representing workers said strikes are slated to…
Goldman Sachs CEO David Solomon speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City. Taylor Hill | Getty Images Goldman Sachs is likely to take a large writedown for its 2021 acquisition of fintech lender GreenSky after seeking to unload the business, CNBC has learned. Bids…
Starbucks workers union advocates wears union shirts at the Senate Health, Education, Labor and Pensions Committee hearing on No Company is Above the Law: The Need to End Illegal Union Busting at Starbucks in the Dirksen Senate Office Building on Wednesday, March 29, 2023. Bill Clark | Cq-roll Call, Inc. | Getty Images Check out…
Market Movers rounded up the best reactions from investors and analysts on Tesla . The experts, including Jim Cramer , discussed the electric-vehicle maker after Morgan Stanley downgraded the stock from overweight to equal weight Thursday . The analyst behind the call, Adam Jonas, thinks the upside from artificial intelligence and excitement around it may…
Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska, May 5, 2019. Nati Harnik | AP Warren Buffett has made another annual donation to five foundations, boosting his total charitable giving to more than $50 billion — significantly higher than his entire…
