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July 13, 2020
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Breaking News: Markets

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Stock futures rise ahead of bank earnings

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CNBC – For more and to sign up click here U.S. stock futures moved higher in early trading and pointed to gains at the open on Tuesday, as investors eye earnings reports from some of the nation’s largest banks.  Dow futures rose 90 points. The S&P 500 and Nasdaq 100......
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Drugmakers will start coronavirus vaccine production by end of summer, Trump health officials say

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CNBC – For more and to sign up click here In this May 4, 2020 photo provided by the University of Maryland School of Medicine, the first patient enrolled in Pfizer’s COVID-19 coronavirus vaccine clinical trial at the University of Maryland School of Medicine in Baltimore, receives an injection. University......
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Tesla shares turn negative in wild trading, giving up earlier 14% pop

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CNBC – For more and to sign up click here Shares of Tesla fell into negative territory during afternoon trading on Monday, giving back a more than 14% jump from earlier in the session that had pushed the stock to a new all-time high. The stock has been on a record......
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Stocks making the biggest moves in the premarket: PepsiCo, Analog Devices, Carnival, Pfizer & more

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How IPOs give the ‘illusion of diversity’ with underwriters, while paying minority-owned firms less

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CNBC – For more and to sign up click here A view of the New York Stock Exchange (NYSE) is seen at Wall Street on June 29, 2020 in New York City. Angela Weiss | AFP | Getty Images Warner Music Group Corp., the label for artists like Ed Sheeran......
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Chipmaker Analog Devices to buy Maxim Integrated in an all-stock deal worth $21 billion

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CNBC – For more and to sign up click here U.S. semiconductor maker Analog Devices said on Monday it offered to buy Maxim Integrated Products, an industry peer, for $20.91 billion in an all-stock deal. Under the terms, Maxim stockholders will receive 0.630 of a share of Analog Devices stock......
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Chipmaker Analog Devices is in advanced talks to buy Maxim Integrated, sources say

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CNBC – For more and to sign up click here U.S. semiconductor maker Analog Devices is in advanced talks to acquire Maxim Integrated Products, an industry peer that has a market capitalization of $17.1 billion, people familiar with the matter said on Sunday. The acquisition would expand Analog Devices’ offerings......
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Dow futures rise 150 points as investors shake off a continued spike in coronavirus cases

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CNBC – For more and to sign up click here A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, June 3, 2020. Michael Nagle | Bloomberg | Getty Images Stock futures rose in overnight trading on Sunday as investors looked past......
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Keep buying hot stocks like Slack and Costco, Wall Street’s best-performing analysts say

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CNBC – For more and to sign up click here Costco store in Teterboro, New Jersey. SOPA Images | LightRocket | Getty Images How to pinpoint top stocks primed to outperform during this uncertain time? Here are a few of the names the best-performing Wall Street analysts are betting on......
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Nasdaq stocks led by Tesla continue their blistering run while chill envelops rest of the market

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CNBC – For more and to sign up click here Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images This stock market is like the old line about having one foot in a bucket of scalding water and the other in a......
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Here’s what happened to the stock market on Friday

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange on January 29, 2020. Spencer Platt | Getty Images Dow Jones Industrial Average jumps 369 points The Dow gained 369.21 points, or 1.44%, to close at 26,075.30. The S&P......
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Big Tech went from growth stocks to Wall Street’s Treasury bond substitute during the coronavirus

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CNBC – For more and to sign up click here FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Investors and traders have historically turned to less-risky assets such as U.S. Treasurys to weather market volatility and uncertainty. During the coronavirus pandemic, however, they have turned to unlikely place:......
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Chamath Palihapitiya: Here’s why you go short big tech stocks Facebook and Alphabet right now

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CNBC – For more and to sign up click here Chamath Palihapitiya Olivia Michael | CNBC Former Facebook executive Chamath Palihapitiya on Friday laid out his bearish case for the social media giant as well as Google-parent Alphabet. Palihapitiya, founder and CEO of investment firm Social Capital, said in a......
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Gilead says remdesivir coronavirus treatment reduces risk of death in severely sick patients

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CNBC – For more and to sign up click here A lab technician inspects filled vials of investigational coronavirus disease (COVID-19) treatment drug remdesivir at a Gilead Sciences facility in La Verne, California, U.S. March 11, 2020. Picture taken March 11, 2020. Gilead Sciences Inc | Reuters Gilead Sciences published new......
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Stock futures open flat after Thursday’s wild session

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CNBC – For more and to sign up click here People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City. Spencer Platt | Getty Images Stock futures were flat on Thursday night following a mixed session in which coronavirus concerns pushed investors further......
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Here’s what happened to the stock market on Thursday

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CNBC – For more and to sign up click here Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 5, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images Dow Jones Industrial Average falls 361 points The Dow......
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Wells Fargo tells new clients they need $1 million in balances for certain mortgage refinancings

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Wells Fargo is raising the bar for new customers to get a popular mortgage product, CNBC has learned exclusively. The bank is now requiring new clients to bring at least $1 million in balances if they want to refinance a jumbo mortgage, up from a previous level of $250,000, according......
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Jobless claims at better than expected 1.3 million, total getting benefits falls to 18 million

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CNBC – For more and to sign up click here Weekly jobless claims were lower than expected last week as workers slowly returned to their jobs in the wake of rising coroanvirus cases. Claims totaled 1.314 million, compared to the 1.39 million expected from economists surveyed by Dow Jones. The......
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Stocks making the biggest moves premarket: Walgreens, Square, Carnival, Six Flags, Alibaba & more

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CNBC – For more and to sign up click here Check out the companies making headlines before the bell Thursday: Walgreens Boots Alliance (WBA) — The pharmacy operator fell more than 3% in the premarket on weaker-than-expected results for its fiscal third quarter. Walgreens reported earnings per share of 83......

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