LMT, PAYX, CVS and more

Check out the companies making headlines in midday trading. New Fortress Energy – Shares of the natural gas company popped 17% after New Fortress priced its underwritten public offering of roughly 46 million shares at $8.63 per share through Morgan Stanley. Deutsche Bank reduced its price target and downgraded New Fortress to sell on Tuesday, […]

Mastercard to buy subscription management startup Minna Technologies

BARCELONA, SPAIN – MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis via Getty Images) Joan Cros Garcia – Corbis | Corbis News | Getty Images Mastercard said Tuesday that it’s agreed to acquire Minna […]

F, CLX, BA, PINS and more

Check out the companies making headlines before the bell. Ford Motor — The automaker jumped 2.3% after Goldman Sachs upgraded shares to buy from neutral. The firm highlighted its growing software and services and Super Duty vehicles as potential tailwinds. Disney — Shares of the media company slipped around 0.9% following a downgrade by Raymond […]

Freetrade buys UK arm of Australian investing platform Stake

People walk along London Bridge past the City of London skyline. Sopa Images | Lightrocket | Getty Images London-based online trading platform Freetrade told CNBC Tuesday that it’s agreed to buy the U.K. customer book of Stake, an Australian investing app. The move is part of a broader bid from Freetrade to bolster its domestic […]

Robinhood launches crypto transfers in Europe in push overseas

Retail investing platform Robinhood on Tuesday announced that it’s offering customers in Europe the ability to transfer cryptocurrencies in and out of its app, broadening its product capabilities in the region as it presses ahead with international expansion. In a blog post on Tuesday, the company said that it’ll allow customers in the European Union […]

China’s stock surge has echoes of the 2015 bubble. What’s different

A customer watches stock market at a stock exchange in Hangzhou, China, on September 27, 2024.  Costfoto | Nurphoto | Getty Images BEIJING — The rocket higher in Chinese stocks so far looks different from the market bubble in 2015, analysts said. Major mainland China stock indexes surged by more than 8% Monday, extending a […]

Watch Fed Chair Jerome Powell speak live on economy, policy views

[The stream is slated to start at 1:55 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is set to speak Monday to the National Association for Business Economists during the organization’s annual conference in Nashville. The central bank chair is delivering […]

Stocks making the biggest moves midday: SATS, CVS, STLA

Check out the companies making headlines in midday trading: Nio — The U.S.-listed shares of the Chinese electric vehicle maker climbed 9.5% after Nio announced a 13.3 billion yuan cash injection for its Nio China business. The transactions are expected to be completed by year-end, and will reduce Nio Inc.’s stake in Nio China to […]

South Dakota opts out of Inflation Reduction Act energy rebates

Owngarden | Moment | Getty Images A handful of states have rolled out rebates to consumers who make their homes more energy-efficient, just months after New York became the first state to do so, in May. Meanwhile, South Dakota officials in August declined the federal funding, which is tied to two new programs created by […]