Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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‘Grand Theft Auto VI’ is still on track for 2026 release. Buy its owner’s stock, BTIG says
The investment firm initiated coverage of the entertainment name with a buy rating.
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The global chip rout, Cerebras earnings, the PGA Tour’s next chapter and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Here are Wednesday’s biggest analyst calls: Nvidia, Tesla, AMD, Reddit, Blackberry, Arm, Take-Two, Barclays & more
Here are the biggest calls on Wall Street on Wednesday.
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These chip stocks are surging due to sky-high CPU demand. UBS sees more gains ahead
Advanced Micro Devices and ARM Holdings could see their shares appreciate further as hyperscalers order more CPUs to power their AI models, according to UBS.
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Wendy’s stock soars as meme traders target another turnaround play
While management changes can influence investor sentiment, the magnitude of the move suggests other forces may be at play.
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Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year
Bessent sees his “3-3-3” plan as still in reach — 3% growth, a 3% deficit-to-GDP rate, and a 3 million barrels per day increase in oil production.
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Democrats see midterm hope in reliably red Iowa as Trump approval ratings sag
The path back to a House majority could run through states such as Iowa, where Democrats in recent elections have struggled to win over rural voters.
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Slate Auto says each $24,950 electric pickup truck will be profitable as it aims to be cash-flow positive next year
EV startup Slate Auto CEO Peter Faricy told CNBC that every vehicle the company produces will be gross margin positive.
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U.S. Treasury will oversee frozen Iranian funds when they’re released, Bessent says
Treasury Secretary Scott Bessent said once Iranian frozen assets are released, they will be overseen by Treasury and routed largely to U.S. agriculture, medicines.
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Trump claims Iran has assured U.S. there won’t be tolls on the Strait of Hormuz
There will be no tolls, insurance costs, or charges of any kind for ships looking to pass through the Strait of Hormuz, Trump said.
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