News

Wealthy donors stand to win double tax benefit if 'Trump Accounts' allow stock donations

Permitting stock contributions to "Trump Accounts" would allow donors to offload appreciated shares without paying capital gains tax.

U.S., EU lawmakers pledge European scrutiny of Paramount's WBD deal

WBD, EU

The lawmakers, in a letter reported first by CNBC, told Paramount CEO David Ellison that the Warner Brothers Discovery acquisition would stifle competition.

Starbucks has ripped higher this year. TD Cowen sees more room to run

SBUX, SBUXN, SBUXCL, SBUX.USD, TD

Starbucks' strategy shift will drive the stock even higher from where it trades now, according to TD Cowen.

Stocks making the biggest moves premarket: Versant, Biogen, Bullish, Cisco and more

BIIB, BIIBN, BIIBCL, BIIB.USD, BLSH

These are the stocks posting the largest moves in the premarket.

Chinese companies are ramping up homegrown AI chips, even if Nvidia is coming back

NVDA, NVDAN, NVDACL, NVD, NVDD, AI

Chinese tech companies have turned to domestic chips as Nvidia has remained shut out of the market.

Grainger H1 Earnings Call Highlights

GRI

Grainger (LON:GRI) reported higher first-half rental income and reiterated its medium-term earnings targets, with management pointing to high occupancy, rental growth and a committed development pipeline as key supports for future growth. Chief Executive Helen Gordon said the co

Versant reports first-quarter revenue decline, with bright spots in platforms and licensing

CMCSA

Versant, the portfolio of TV networks spun out from Comcast, reported earnings from its first quarter as an independent company.

Hantavirus outbreak isn't another Covid pandemic – but experts say it's testing U.S. readiness

For some experts, the outbreak is raising broader concerns about how equipped the U.S. is to respond to future infectious disease threats.

Venezuela embarks on $150 billion restructuring of debt amid political turmoil

Venezuelan officials said they wanted to “free the country from the burden of accumulated debt.”

UBS hikes Nvidia price target, sees strong earnings report ahead

NVDA, NVDAN, NVDACL, UBS, NVD, NVDD

The investment bank has a buy rating on the semiconductor name.