22 minutes ago Pending home sales data set for release Wednesday after opening The latest pending data on home sales is expected to be released Wednesday after the open. Economists polled by Dow Jones forecast a 3% drop in February, compared to an 8.1% rise the previous month. —Sarah Min 25 minutes ago Lululemon shares … Read more
Micron Technology headquarters in Boise, Idaho on March 28, 2021. Jeremy Erickson | Bloomberg | Getty Images Check out the companies making headlines on Tuesday at noon. PagSeguro – Shares jumped 5.3% after Citi upgraded Brazilian payment stock to buy from neutral. The company called the company’s fourth quarter results unsurprising and said it was … Read more
An hour ago Japan and the United States announce trade agreement on electric vehicle battery minerals The United States and Japan have announced an electric vehicle battery minerals trade deal that would give Japanese automakers access to the Biden administration’s $7,500 electric vehicle tax credit program in under the Inflation Reduction Act. The announcement added … Read more
A price-fixing lawsuit Ohio filed on Monday against several companies that handle billions of dollars in drug benefits heightens scrutiny of the companies while exposing their new tactic of using overseas subsidiaries. The lawsuit filed Monday by the Ohio Attorney General in state court alleges the Cigna Group, humane Inc. and Prime Therapeutics LLC shared … Read more
Bloomberg News reported on Saturday that U.S. officials are considering expanding federal programs that provide banks with liquidity, in part to help the First Republic while it searches for a buyer. CNBC reported on Saturday that deposit inflows to big banks from smaller regions have slowed significantly. Regional bank stocks have come under significant pressure … Read more
Market bulls are looking to build momentum. The UAW election heralds tough union negotiations for the auto giants. Israel is erupting into chaos over controversial judicial reforms. A specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York, March 23, 2023. Brendan McDermid | Reuters Here … Read more
Saudi National Bank Chairman Ammar al-Khudairy has resigned from his post. He will be replaced by the managing director and CEO of the SNB group, Mohammed al-Ghamdi. Al-Khudairy’s resignation comes days after his mid-March comments that SNB was unlikely to increase its stake in Credit Suisse, at a time when the European lender was battling … Read more
US pharmaceutical giant Pfizer has signed an agreement with China to cooperate in improving the country’s health coverage, according to the company. “We are fully aligned with China’s ‘Healthy 2030’ [initiative] and we try to contribute as much as we can,” Pfizer CEO Albert Bourla told CNBC’s Eunice Yoon on Saturday. Pfizer’s memorandum of understanding … Read more
Direct local government debt topped 120% of revenue in 2022, analysts at S&P Global Ratings said, noting that’s more than Beijing has unofficially declared to be an acceptable level of debt. In the government’s annual activity report published this month, an entire section was devoted to preventing and defusing major risks to real estate and … Read more
33 minutes ago CNBC Pro: Here’s how to spot a good growth stock, according to a fund manager “As a growth manager… how do you identify good growth companies?” Fund manager Ian Mortimer told CNBC Pro Talks on Wednesday as he shared his strategy for spotting outperforming stocks. Mortimer manages the growth and innovation-focused Guinness … Read more
