The reshoring boom is stoking demand for robotics. Here are the stocks poised to benefit
Companies have turned to automation and robotics amid a surge in reshoring. Analysts have named these stocks as beneficiaries in the trend.
Trump lawyer who quit classified documents case withdraws from $475 million CNN defamation suit
Jim Trusty, who just quit Trump’s team in the Mar-a-Lago classified documents case, cited “irreconcilable differences” with the ex-president in the CNN suit.
Reddit is in crisis as prominent moderators loudly protest the company’s treatment of developers
Reddit moderators tell CNBC that company management has failed to engage with them in rolling out a huge price increase for developers.
iRobot shares surge after UK regulator clears Amazon acquisition
The Competition and Markets Authority said it determined the deal would not result in “a substantial lessening of competition” in the U.K.
Here are Friday’s biggest analyst calls: SoFi Technologies, AutoZone, Nvidia, Meta and more
Here are Friday’s biggest calls on Wall Street.
Bank of America downgrades SoFi Technologies, says its recent rally has run its course
Investors expect the expiration of the student loan payment moratorium will be a positive for the firm.
Cash and carbon cuts stall UN climate talks — setting the stage for a ‘huge fight’ at COP28
Negotiators departed the United Nations campus in Bonn, Germany this week with a palpable sense of frustration.
Morgan Stanley says Nvidia is the top pick for artificial intelligence over AMD
Analyst Joseph Moore said Nvidia has more immediate upside than other AI stock plays.
Bank of America makes $500 million equity push for minority- and women-led funds
Bank of America has allocated over $500 million in equity investments to fund managers led by minorities and women.
FDA advisors recommend that new Covid vaccines target an omicron XBB variant this fall
The FDA advisory panel’s recommendation is a win for Covid vaccine makers Pfizer, Moderna and Novavax, which will race to deliver updated shots for the fall.
