- Cramer says inflation data is driving market action, even during a major earnings week
- CFPB expands oversight of digital payments services including Apple Pay, Cash App, PayPal and Zelle
- Xiaomi bets big on its new electric vehicle — targets 20 million premium users
- Trump joins Elon Musk in opposing House GOP’s government funding bill
- Dow jumps 300 points to record as Trump survives assassination attempt: Live updates
- ‘Ready to step up’: VP Harris gains Capitol Hill cheerleaders as Biden isolates with Covid
Check out the companies making headlines before the bell. Google — Alphabet Class A shares were trading 5.6% higher following a Bloomberg report that said Apple is in talks with Google to license and build its Gemini artificial intelligence engine into future iPhones. Super Micro Computer — Shares gained 2.5%. The technology firm, which makes servers that help with artificial intelligence applications, joins the S & P 500 Monday before trading begins. The stock has jumped more than twentyfold in the past two years and is up 276% year to date. Nvidia — The stock moved 2.7% higher ahead of its highly-anticipated GTC Conference , where the chipmaker is expected to announce various AI updates. Earlier Monday, HSBC upped its price target to $1,050 from $880 a share, saying it is encouraged by Nvidia’s AI product roadmap which could one day own “the entire value chain.” HashiCorp — Shares jumped 9.8% on news that the San Francisco-based software provider has been considering options including a sale. Bloomberg reported the development, citing individuals familiar with the matter. Taiwan Semiconductor Manufacturing — The U.S.-listed shares gained 1.5% after a Reuters report , citing sources familiar, said Taiwan Semiconductor is deliberating building advanced packaging capacity in Japan. Tesla — Shares rose 3.2% even after Goldman Sachs cut its price target on Tesla by $30 to $190 as the electric vehicle maker faces issues with rising competition and slower demand. The firm maintained that Tesla is “well positioned for longer-term growth,” however, citing the company’s strong position in EV and clean energy markets. PepisCo — Shares of the beverage company rose 1.2% after Morgan Stanley upgraded the stock to overweight from equal weight. PepsiCo’s fundamentals are set to rebound in the second half of the year, according to the bank’s analysts. — CNBC’s Alex Harring, Samantha Subin, Jesse Pound, Brian Evans, Yun Li, Sarah Min, and Michelle Fox Theobald contributed reporting.
- UK economy expands 0.6% in second quarter; June growth stalls
- Japan stocks plunge over 10%, confirming bear market, as Asia shares extend sell-off
- US launches new probe into legacy Chinese chips as tech pressure on Beijing escalates
- Spotify down for more than 40,000 users in the U.S., Downdetector says
- Stock futures are little changed after S&P 500 notches another record close: Live updates
- ‘That’s it?’ Morgan Stanley rips Tesla robotaxi event for lack of detail