Check out the companies making headlines in midday trading. ServiceNow — Shares of the software company fell nearly 3% after it said it would acquire cybersecurity startup Armis for $7.75 billion . The deal, which should close next year, will bolster ServiceNow’s cybersecurity offerings. Mining stocks — With prices of Continue Reading
Eli Lilly investors shouldn’t sweat rival Novo Nordisk having the first obesity pill on sale
Jim Cramer says don’t sweat Novo Nordisk’s head start over Club holding Eli Lilly in the obesity pill market. Eli Lilly stock slipped about half a percent this morning, while Novo Nordisk shares surged more than 8% after becoming the first to secure FDA approval for a GLP-1 weight-loss pill. Continue Reading
Southwest stock is up more than any other U.S. airline in 2025
A Southwest Airlines Boeing 737 airplane arrives at Los Angeles International Airport from San Francisco on March 28, 2025 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Southwest Airlines‘ profits fell 42% in the first nine months of the year compared with the same period Continue Reading
Fed chair candidate Hassett says U.S behind the curve on lowering rates
National Economic Council Director Kevin Hassett said Tuesday that the Federal Reserve is not cutting interest rates quickly enough, even as the U.S. economy grew at a much faster pace than expected in the third quarter. The top White House economic advisor is considered a leading contender to succeed Federal Continue Reading
UBS’ John Lovallo on Trump’s teased housing reform plans
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email John Lovallo, UBS managing director, joins ‘Squawk on the Street’ to discuss what the housing reform teased by the Trump Administration could be, interests rates, and more.
Consumers take on more credit card debt this holiday
Every year, Hillary Lanier puts her holiday shopping on credit, racking up debt that takes months to pay off. This season, the production planner said her total balance across four credit cards is in the five-figure range. “It’s definitely higher prices,” she said. Lanier, who buys gifts for her parents, Continue Reading
Citadel to return $5 billion in profit to investors, source says
Citadel plans to return about $5 billion in profits earned in 2025 back to investors at the beginning of next year, according to a person familiar with the matter. The firm’s flagship multistrategy fund, known as Wellington, gained 9.3% in the year through last week, the person said, who asked Continue Reading
AI’s machine learning may net productivity gains and influence Fed
Members of the Federal Reserve rate-setting committee say they are factoring increased labor productivity into their economic forecasts as artificial intelligence technology becomes more widely adopted. Fed Chair Jerome Powell addressed this topic in his December news conference, saying that in past technology waves “there’s always been more work and Continue Reading
EV realism is here. How GM, Hyundai, Ford react in 2026 will be telling
Frederic J. Brown | Afp | Getty Images DETROIT – The U.S. automotive industry has entered a new phase for all-electric vehicles: realism. The industry was euphoric about the EV segment in the early 2020s, but consumer demand never took off as much as expected and, as it fizzled, automakers Continue Reading
Visa says holiday spending rose 4.2% via AI, tech and apparel growth
U.S. consumers showed resilience this holiday season, driving retail spending up 4.2% year over year, according to preliminary data released Tuesday by Visa. The report from Visa Consulting and Analytics indicated that despite lingering economic headwinds, shoppers were still spending, particularly on technology and personal goods. The findings tracked payments Continue Reading