Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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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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Stocks making the biggest moves premarket: Cerebras, Micron, FedEx, Wendy’s & more
These are the stocks posting the largest moves premarket.
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South Korea’s biggest chipmaker SK Hynix plans to raise $29 billion via Nasdaq listing
The company plans to issue 17.79 million new shares at a value of 45.45 trillion won ($29.65 billion).
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France suffers major power outage as Europe sizzles in record-breaking heat
A heat-related power outage left around 68,000 homes without electricity in western France as record-breaking heat sweeps Europe.
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BlackBerry has morphed into a ‘mission critical’ player in tech, making it a buy, says Stifel
The investment firm initiated coverage of BlackBerry with a buy rating.
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