KKR & Co. Inc. (NYSE:KKR) reached a deal with ENI S.p.A. (NYSE:E) to expand its ownership in Enilive by acquiring an additional 5% stake valued at 587.5 million euros (~$614.4 million). The transaction will bring KKR’s total stake in Enilive to 30% and the investment aims to enhance Eni’s capital structure while ensuring Eni retains control and consolidation of Enilive. […]
Lithia Motors’ Solid Q4 Propels Stock Higher: Earnings Beat
Lithia Motors, Inc. (NYSE:LAD) reported fourth-quarter adjusted earnings per share of $7.79 on Wednesday, beating the street view of $7.24. Quarterly sales of $9.22 billion (up 20% year over year) outpaced the analyst consensus estimate of $9.10 billion. “2024 marks another milestone year for Lithia & Driveway, with record-breaking fourth-quarter revenues, the first profitable year for […]
McDonald’s, ON Semiconductor And 3 Stocks To Watch Heading Into Monday
With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects McDonald’s Corp. (NYSE:MCD) to report quarterly earnings at $2.84 per share on revenue of $6.44 billion before the opening bell, according to data from Benzinga Pro. McDonald’s shares slipped […]
Trump’s Administration Drives ‘Renewed Optimism’ For Pebble Project (Copper)
The Pebble Mine project in Alaska has entered 2025 with a “renewed sense of optimism. “After being blocked by the Biden administration due to environmental concerns, a change of administration has reignited hopes for its advancement. In a letter to shareholders, Ron Thiessen, CEO of Northern Dynasty Minerals (AMEX:NAK), the project’s owner, noted the shifting […]
Jim Cramer: This Health Care Stock Is A ‘Winner,’ Buy Bitcoin Instead Of Coinbase
On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying AbbVie Inc. (NYSE:ABBV), saying it’s “just a gem” and a “winner.” He added, “I can’t believe the stock dropped so much.” On Jan. 31, AbbVie reported fourth-quarter adjusted earnings per share of $2.16, beating the street view of $2.11. Quarterly sales of $15.102 billion, outpacing […]
Here’s How Nvidia’s Jensen Huang Uses AI To Work Smarter and Get More Done
Jensen Huang, the CEO of Nvidia Inc. (NASDAQ:NVDA), has revealed that he uses AI chatbots to create initial drafts. What Happened: Huang, who leads a company known for producing high-performance computer chips that power AI large language models, uses a variety of chatbots, including Google’s Gemini and OpenAI’s ChatGPT. “I give it a basic outline, give it some PDFs of my previous talks, […]
Inflation Rises Again: May Be ‘End Of The Road’ For Interest Rate Cuts, Expert Says
The Personal Consumption Expenditures price index, the Federal Reserve’s preferred inflation measure, rose 2.6% in December 2024, according to data released Friday. While the data were in line with expectations, it marks the third consecutive increase in annual PCE inflation, following a low of 2.1% in September last year. Expert Ideas: Fed Governor Michelle Bowman […]
These Analysts Revise Their Forecasts On Nucor Following Q4 Results
Nucor Corp (NYSE:NUE) posted better-than-expected fourth-quarter financial results, after the closing bell on Monday. Nucor reported fourth-quarter revenue of $7.08 billion, beating analyst estimates of $6.76 billion, according to Benzinga Pro. The steelmaker reported fourth-quarter earnings of $1.22 per share, beating analyst estimates of 65 cents per share. “While steel demand softened throughout 2024, market […]
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What’s Going On With NIO Shares Wednesday?
September 4, 2024
NIO Inc. (NYSE:NIO) shares are trading higher in the premarket session on Wednesday. According to Benzinga Pro, NIO stock has gained over 6% in the past month. Investors can gain exposure to the stock via KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS) and Invesco Golden Dragon China ETF (NASDAQ:PGJ). Last month, the electric vehicle (EV) manufacturer […]
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