Check out the companies making the biggest moves in midday trading: Fannie Mae , Freddie Mac — Shares of the mortgage financing companies rallied after Pershing Square Capital Management’s Bill Ackman said in an X post late Sunday that the stocks are “stupidly cheap.” The billionaire investor suggested shares could rise 10-fold. Shares of Federal…
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on March 18, 2026 in Washington, DC. Anna Moneymaker | Getty Images Federal Reserve Chair Jerome Powell, in a wide-ranging talk at Harvard University, said Monday that he sees inflation expectations as grounded despite…
Bill Ackman, founder and CEO of Pershing Square Capital Management, attends the Milken Conference 2025 in Beverly Hills, California, U.S., May 6, 2025. Mike Blake | Reuters Billionaire investor Bill Ackman said the current market dislocation has created one of the most attractive entry points for high-quality companies in years, urging investors to look past…
[The stream is slated to start at 10:30 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.] Federal Reserve Chair Jerome Powell speaks Monday to the Harvard University Principles of Economics class. This will be one of Powell’s final scheduled…
Federal Reserve Governor Stephen Miran speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 10, 2025. Brendan McDermid | Reuters Federal Reserve Governor Stephen Miran on Monday continued his campaign for lower interest rates, telling CNBC that policymakers should disregard the current…
Check out the companies making the biggest moves premarket: Sysco — The wholesale food distributor fell 4.5% after it agreed to buy Jetro Restaurant Depot for a total enterprise value of $29.1 billion. The deal is expected to close in Sysco’s 2027 fiscal third quarter, with the company calling the transaction “immediately accretive.” Avis —…
Chinese jewelry company Laopu Gold still has significant upside, despite recent volatility in prices of the precious metal, analysts said. In the last two years, Hong Kong-listed Laopu has become an upstart in China’s luxury scene , drawing local crowds — and reportedly LVMH Chair Bernard Arnault — for its artisanal take on gold jewelry….
Managed future strategies are gaining renewed attention as investors look for new sources of returns from the market at a time when both stocks and bonds are under pressure as a result of the U.S.-Iran war and the risk of 1970s-style stagflation. These strategies, which are typically run by commodity trading advisors, use systematic models…
Key Points: Global Payments, a crucial intermediary between retailers and banks, trades well below competitors’ and its own historical multiples. The company hopes to turn things around by gaining a dominant share of the merchant acquisition market through the purchase of Worldpay and the introduction of a point-of-sale system. Global Payments could see upside from…
Check out the companies making the biggest moves premarket: AstraZeneca — The pharma giant rose 3% after its experimental drug, tozorakimab, was found to meaningfully reduce flare-ups in cases of chronic obstructive pulmonary disease. The drug delivered the results in two late-stage trials, and the company said full results will be delivered at an upcoming…
