Latest news with #Netherlands-based
CNBC
17 hours ago
- Business
- CNBC
Stocks making the biggest moves midday: Tesla, Nike, Revvity, Anheuser-Busch and more
Check out the companies making the biggest moves in midday trading: Beer stocks — Brewing stocks are trading lower as investors weigh the impact of the U.S.-European Union trade deal. While some say the details are not as bad as feared, there is still concern about consumer demand after Heineken said it anticipates flat sales volume this year. The Dutch brewer's outlook hurt shares of Anheuser-Busch , which fell 5%, and Molson Coors , which slipped more than 2%. Heineken was down 7%. Nike — Shares added 4% after JPMorgan upgraded the athletic shoe maker to overweight from neutral. JPMorgan said Nike can recover over the next several years. Revvity — Shares of the biotechnology company sank more than 10% after lowering its full-year guidance. The diagnostics researcher expects to earn between $4.85 and $4.95 per share, excluding one-time items, down from an earlier estimate of $4.90 to $5.00, with the midpoint below the consensus estimate of $4.93. Tesla — The electric vehicle maker added almost 4%. CEO Elon Musk confirmed Sunday that Tesla signed a $16.5 billion chip contract with Samsung Electronics. Energy stocks — Many companies jumped after the European Union agreed to buy $750 billion worth of U.S. energy as part of a trade deal. Shares of Venture Global rallied more than 4%, New Fortress Energy rose 5%, Cheniere Energy and NextDecade rose about 2%. Devon Energy climbed more than 3%. ASML , STMicroelectronics — U.S.-listed shares of the European semiconductor equipment and semiconductor manufacturers each gained about 3% on the back of the U.S. and EU trade deal, and Tesla's agreement with Samsung. ASML supplies a large part of the equipment used by Samsung. Stellantis — Shares of the Netherlands-based maker of Chrysler and Jeep automobiles slipped almost 5% following the U.S.-EU trade deal, which imposes a 15% blanket tariff on EU goods, including automotive products . The European Automobile Manufacturers' Association said the levies will continue to have a negative effect on the industry. PagerDuty — The cloud computing provider surged 8% following a Reuters report that it is exploring a potential sale after receiving buyer interest. Cisco Systems — The maker of computer networking equipment lost nearly 2% after a downgrade at Evercore to in line from outperform. The investment bank said any upside in Cisco is now largely priced into the stock. Texas Instruments — The stock rose 2% following an upgrade to outperform from peer perform at Wolfe Research. The firm said it sees a cyclical recovery ahead at the end of a multiyear capital spending cycle. — CNBC's Michelle Fox, Alex Harring, Sean Conlon and Pia Singh contributed reporting.
CNBC
20 hours ago
- Business
- CNBC
Stocks making big premarket moves: Cheniere Energy, Nike, Kratos, ASML and more
Check out the companies making the biggest moves in premarket trading: Energy stocks — Many companies jumped after the European Union agreed to buy $750 billion worth of U.S. energy as part of a trade deal. Shares of Venture Global climbed 6%, New Fortress Energy rose 5%, Cheniere Energy and NextDecade rallied nearly 4%, Eaton and Constellation Energy each added about 2% and EQT moved up more than 1%. Nike — Shares added 4% after JPMorgan upgraded to overweight from neutral. JPMorgan said the athletic shoe maker can recover over the next several years. Defense stocks — Military and defense companies rose premarket Monday after President Donald Trump said that the EU would be "purchasing hundreds of billions of dollars worth of military equipment" as part of the U.S. trade deal with the European Union. Kratos Defense and Security Solutions and Lockheed Martin advanced 2.3% and 1%, respectively. RTX gained about 1%. ASML , STMicroelectronics — U.S.-listed shares of the European semiconductor equipment and semiconductor manufacturers gained 3.7% and 1.4%, respectively, on the back of the U.S. and European trade deal. Stellantis — Shares of the Netherlands-based maker of Chrysler and Jeep automobiles slipped 3% following the U.S.-European trade deal, which imposes a 15% blanket tariff on EU goods, including automotive products . The European Automobile Manufacturers Association said the levies will continue to have a negative impact on the industry. PagerDuty — The cloud computing provider popped 6% following a Reuters report that it's exploring a potential sale after receiving buyer interest. Cisco Systems — The maker of computer networking equipment lost 1.3% after a downgrade at Evercore to in line from outperform. The investment bank said any upside in Cisco is now largely priced into the stock. Revvity — Shares of the biotechnology company sank nearly 6% following its latest quarterly results and updated full-year guidance. The diagnostics researcher earned an adjusted $1.18 per share on revenue of $720.3 million, above the $1.14 and $710.4 million that analysts polled by FactSet were estimating. Revvity cut its earnings forecast for 2025 to between $4.85 and $4.95 per share, excluding one-time items, down from prior guidance of $4.90 to $5.00, with the midpoint below the consensus estimate of $4.93. Tesla — The EV-maker added 1.6%. CEO Elon Musk confirmed Sunday that Tesla signed a $16.5 billion chip contract with Samsung Electronics. Texas Instruments — The stock rose 1.3% following an upgrade to outperform from peer perform at Wolfe Research. The firm said it sees a cyclical recovery ahead at the end of a multiyear capital spending cycle. —CNBC's Alex Harring, Sean Conlon and Pia Singh contributed reporting.
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Business Standard
3 days ago
- Politics
- Business Standard
Players' union slams FIFA and Infantino over Club World Cup fallout
The global soccer players' union hit back at FIFA and its president Gianni Infantino, saying their autocratic style of leadership was harming the rights of its members. "Football needs responsible leadership, not emperors," the FIFPRO network said after a meeting of 58 national player unions responded to FIFA pursuing its agenda with unofficial player representatives. "It needs fewer autocratic monologues and more genuine, inclusive and transparent dialogue," the union added. FIFA announced two weeks ago it reached a consensus on key issues after Infantino hosted a group of mostly non-recognised officials in New York ahead of the Club World Cup final. The latest rift between soccer's governing body and its players' unions flared while the European Commission in Brussels is considering a formal complaint against FIFA. It was filed by FIFPRO's European division and national leagues in Europe against FIFA's style of governance and decision-making. FIFA denounced what it called Friday the union leadership's "increasingly divisive and contradictory tone" in pursuing a public relations battle "to preserve their own personal positions and interests." FIFPRO said Friday its core concerns included an overloaded global match calendar with too many games for elite players, lack of physical and mental recovery periods and extreme playing conditions. Players at the month-long Club World Cup in the United States reported feeling dizzy and unwell in the heat of daytime games played to appeal to worldwide TV audiences. The 63-game tournament backed by Saudi Arabian money was lucrative for clubs, especially in Europe, though FIFA added it to the schedule without formally consulting players. The tournament, FIFPRO said, was "celebrated by President Infantino despite being held under conditions that were extreme and inappropriate for any human being, demonstrating a troubling insensitivity to human rights, even when it concerns elite athletes. "FIFPRO reaffirmed its unwavering commitment to protecting the rights of men and women players rights which are being seriously undermined by commercial policies imposed by its autocratic system of governance," the Netherlands-based union said of FIFA. "This is a model that puts the health of players at risk and sidelines those at the heart of the game, FIFPRO said, adding it was "unacceptable for an organization that claims global leadership to turn a blind eye to the basic needs of the players." FIFA responded by challenging the union to publish its statutes and "transparent annual accounts." "Let us be clear: you cannot preach transparency while operating in opacity," the world soccer body said. FIFPRO has not had a formal working agreement with FIFA since the previous one expired in 2023.
Hindustan Times
4 days ago
- Politics
- Hindustan Times
Soccer players' union hits back at 'autocratic' FIFA and Infantino in fallout from Club World Cup
The global soccer players' union hit back at FIFA and its president Gianni Infantino on Friday, saying their autocratic style of leadership was harming the rights of its members. HT Image 'Football needs responsible leadership, not emperors,' the FIFPRO network said after a meeting of 58 national player unions responded to FIFA pursuing its agenda with unofficial player representatives. 'It needs fewer autocratic monologues and more genuine, inclusive and transparent dialogue,' the union added. FIFA announced two weeks ago it reached a consensus on key issues after Infantino hosted a group of mostly non-recognized officials in New York ahead of the Club World Cup final. The latest rift between soccer's governing body and its players' unions flared while the European Commission in Brussels is considering a formal complaint against FIFA. It was filed by FIFPRO's European division and national leagues in Europe against FIFA's style of governance and decision-making. FIFA denounced what it called Friday the union leadership's 'increasingly divisive and contradictory tone" in pursuing a public relations battle "to preserve their own personal positions and interests." FIFPRO said Friday its core concerns included an overloaded global match calendar with too many games for elite players, lack of physical and mental recovery periods and extreme playing conditions. Players at the month-long Club World Cup in the United States reported feeling dizzy and unwell in the heat of daytime games played to appeal to worldwide TV audiences. The 63-game tournament backed by Saudi Arabian money was lucrative for clubs, especially in Europe, though FIFA added it to the schedule without formally consulting players. The tournament, FIFPRO said, was 'celebrated by President Infantino despite being held under conditions that were extreme and inappropriate for any human being, demonstrating a troubling insensitivity to human rights, even when it concerns elite athletes. 'FIFPRO reaffirmed its unwavering commitment to protecting the rights of men and women players — rights which are being seriously undermined by commercial policies imposed by its autocratic system of governance,' the Netherlands-based union said of FIFA. 'This is a model that puts the health of players at risk and sidelines those at the heart of the game,' FIFPRO said, adding it was 'unacceptable for an organization that claims global leadership to turn a blind eye to the basic needs of the players.' FIFA responded by challenging the union to publish its statutes and 'transparent annual accounts.' 'Let us be clear: you cannot preach transparency while operating in opacity,' the world soccer body said. FIFPRO has not had a formal working agreement with FIFA since the previous one expired in 2023. ___ AP soccer:
4 days ago
- Politics
Soccer players' union hits back at 'autocratic' FIFA and Infantino in fallout from Club World Cup
The global soccer players' union hit back at FIFA and its president Gianni Infantino on Friday, saying their autocratic style of leadership was harming the rights of its members. 'Football needs responsible leadership, not emperors,' the FIFPRO network said after a meeting of 58 national player unions responded to FIFA pursuing its agenda with unofficial player representatives. 'It needs fewer autocratic monologues and more genuine, inclusive and transparent dialogue,' the union added. FIFA announced two weeks ago it reached a consensus on key issues after Infantino hosted a group of mostly non-recognized officials in New York ahead of the Club World Cup final. The latest rift between soccer's governing body and its players' unions flared while the European Commission in Brussels is considering a formal complaint against FIFA. It was filed by FIFPRO's European division and national leagues in Europe against FIFA's style of governance and decision-making. FIFPRO said FIFA's core agenda included an overloaded global match calendar with too many games for elite players, lack of physical and mental recovery periods and extreme playing conditions. Players at the month-long Club World Cup in the United States reported feeling dizzy and unwell in the heat of daytime games played to appeal to worldwide TV audiences. The 63-game tournament backed by Saudi Arabian money was lucrative for clubs, especially in Europe, though FIFA added it to the schedule without formally consulting players. The tournament, FIFPRO said, was 'celebrated by President Infantino despite being held under conditions that were extreme and inappropriate for any human being, demonstrating a troubling insensitivity to human rights, even when it concerns elite athletes. 'FIFPRO reaffirmed its unwavering commitment to protecting the rights of men and women players — rights which are being seriously undermined by commercial policies imposed by its autocratic system of governance,' the Netherlands-based union said of FIFA. 'This is a model that puts the health of players at risk and sidelines those at the heart of the game,' FIFPRO said, adding it was 'unacceptable for an organization that claims global leadership to turn a blind eye to the basic needs of the players.' FIFA was approached for comment. ___
