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Ford partners with Amazon for dealers to sell used vehicles online
CNBC· 2025-11-17 14:00
DETROIT — Ford Motor is partnering with Amazon to let the automaker's franchised dealers sell certified preowned vehicles through the online retail giant.The new program will allow customers to secure financing, start paperwork and schedule a pickup time for the vehicles at participating Ford dealers, the companies announced Monday. Some steps, such as a final signature, may still need to be completed in person, Ford said.The deal comes two years after Amazon said it would allow auto dealers to sell cars th ...
Alphabet rallies after Berkshire reveals stake. Why Buffett's firm likely bought it
CNBC· 2025-11-17 13:36
Core Insights - Berkshire Hathaway has made a significant investment in Alphabet, acquiring approximately $4.3 billion worth of shares, marking it as the firm's 10th largest equity holding, which surprised many given Warren Buffett's historical reluctance towards high-growth tech companies [2][3] - Alphabet's stock has seen a substantial increase of 46% this year, driven by its advancements in AI and improved profitability in its cloud services, making it an attractive investment opportunity [4][6] - The investment in Alphabet may indicate a shift in Berkshire Hathaway's approach to technology investments as leadership transitions to the next generation, with Greg Abel set to take over as CEO [5] Investment Details - The investment in Alphabet likely reflects the influence of Berkshire's investment managers, Todd Combs and Ted Weschler, who have been responsible for tech-oriented investments, including a stake in Amazon [3] - Despite the recent rally, Alphabet's valuation remains lower than that of its AI-driven peers, trading at 25.5 times next year's earnings compared to Microsoft at 32.0, Broadcom at 50.8, and Nvidia at 41.9, which may have made it particularly appealing to Berkshire's team [6] Historical Context - Warren Buffett has acknowledged missing out on investing in Google as one of his biggest mistakes, having witnessed its early success through Geico, one of its first major advertisers [6][7]
Nvidia's big week, Warren Buffett's new stake, Jeep's turnaround efforts and more in Morning Squawk
CNBC· 2025-11-17 13:13
Nvidia founder and CEO Jensen Huang reacts during a press conference at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju on October 31, 2025. Jung Yeon-je | Afp | Getty ImagesThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Tech troublesAfter last week's losses and with Nvidia's can't-miss earnings report on the horizon, investors are wondering what's next for the a ...
Novo Nordisk cuts direct-to-consumer prices for Wegovy, Ozempic to $349 a month
CNBC· 2025-11-17 13:11
Core Points - Novo Nordisk has reduced the direct-to-consumer prices of its weight loss drug Wegovy and diabetes drug Ozempic, making them more accessible to patients [1][3] - The new price for existing cash-paying patients is set at $349 per month, down from $499, while the highest dose of Ozempic remains at $499 [1] - A temporary introductory offer allows new cash-paying patients to access the two lowest doses of Wegovy and Ozempic for $199 per month for the first two months [2] Pricing Strategy - The introductory offer will end on March 31, after which patients will transition to the new standard monthly price [2] - The Trump administration has facilitated agreements with Novo Nordisk and Eli Lilly to lower drug prices and introduce Medicare coverage for obesity drugs [3][4] - Starting doses of Wegovy and Eli Lilly's Zepbound will be priced at $350 per month on the new TrumpRx platform, with a planned decrease to $245 over two years [4] Partnerships and Accessibility - Novo Nordisk aims to expand access through partnerships with telehealth providers and major retailers, as well as by working with the administration to lower costs for chronic disease patients [4] - The new cash-pay offers are available through Wegovy.com, Ozempic.com, and various participating organizations and telehealth providers [6] - Eli Lilly has also announced a price reduction of $50 on its direct-to-consumer platform, LillyDirect, for its weight loss drug Zepbound [5]
Emirates bets big on Boeing with $38 billion order at Dubai Airshow
CNBC· 2025-11-17 12:54
Emirates said Monday it has placed an order for 65 additional Boeing 777-9 aircraft, worth $38 billion at list prices, on the opening day of Dubai Airshow 2025.Emirates is Boeing's largest customer in terms of wide-body jets, and today's announcement takes the airline's total orderbook with Boeing to 315 widebody aircraft.It marks "a massive long-term commitment to U.S. aerospace manufacturing, generating support for hundreds of thousands of high value manufacturing jobs in the U.S. over the life of the pro ...
India deepens energy trade with U.S. to mend trade relations amid tariff strain
CNBC· 2025-11-17 12:37
A man pushes a tricycle loaded with LPG cylinders on the road below the Adani signage in Mumbai. US based Hindenburg Research firm's allegation on fraud by Adani Enterprise has sparked political debate in India by the opposition parties.India is ramping up its energy imports from the U.S. in a bid to reduce its trade surplus with Washington — a key demand of the Trump administration during trade negotiations with New Delhi.On Monday, Hardeep Singh Puri, Indian union minister of petroleum and natural gas, an ...
Jeep eyes U.S. comeback following yearslong sales troubles
CNBC· 2025-11-17 12:00
In this articleCOMP2025 Jeep Cherokee SUVStellantisAUBURN HILLS, Mich. — Jeep is betting Americans still love a good comeback story.It's a mantra that's reverberating through the quintessential SUV brand — from its CEO to a marketing campaign with LL Cool J — following yearslong sales and market share declines that have taken a toll on Jeep and its parent company, Stellantis."This isn't just a comeback. This is the Jeep brand reclaiming a segment we invented and defined," Jeep CEO Bob Broderdorf said during ...
Nvidia CEO Jensen Huang surprised investors with a 'half a trillion' forecast. It'll come up at earnings
CNBC· 2025-11-17 12:00
Nvidia CEO Jensen Huang revealed in October that his company has $500 billion in orders, in 2025 and 2026 combined, for its chips that are at the heart of the AI boom.For a company that has seen its quarterly revenue grow nearly 600% over the past four years, Huang's statement was a sign that Nvidia is confident of another year of strong — but slowing — growth for its next cycle of chips, implying that the AI boom still has room to run."This is how much business is on the books. Half a trillion dollars wort ...
UK's Reeves walks a Budget tightrope, as money markets eye unpopular choices
CNBC· 2025-11-17 07:17
Core Viewpoint - U.K. Finance Minister Rachel Reeves faces significant challenges in preparing the Autumn Budget, with pressure to balance voter satisfaction, public finance stability, and market confidence in her policies [1][2]. Fiscal Strategies - Reeves is exploring various strategies to address a fiscal shortfall estimated at £50 billion ($65.6 billion), which may involve substantial spending cuts or breaking a pledge not to raise certain taxes [2][12]. - Potential tax hikes under consideration include taxing dividends, reducing tax breaks for salary sacrifice schemes, and increasing levies on specific professions, though such measures are likely to be unpopular among the public [3][4]. Public Sentiment - A YouGov poll indicates that nearly one-third of adults believe Reeves should avoid tax increases, even if it necessitates spending cuts or increased borrowing, while over half prioritize maintaining tax promises over borrowing limits [4]. Market Reactions - Some market participants would welcome tax increases, as evidenced by a sell-off in gilts following reports of a potential U-turn on planned income tax rises [5]. - Analysts expect Reeves to announce tax increases, which could positively impact U.K. government bonds (gilts), especially in light of a loosening labor market and expectations of peaking inflation [6][7]. Spending Cuts and Political Dynamics - Investors advocate for a combination of tax hikes and spending cuts to manage the public deficit, emphasizing the need for genuine fiscal consolidation without harming economic growth [10][11]. - Significant spending cuts may face resistance from left-leaning lawmakers within the Labour party, complicating Reeves's fiscal strategy [14]. Fiscal Rules and Market Stability - Reeves's commitment to her fiscal rules, which require day-to-day spending to be funded by tax revenues and public debt to decline as a share of economic output, remains firm, despite the challenges [17][19]. - Any deviation from these rules could negatively impact the bond market, as seen in past instances where political uncertainty led to increased gilt yields [20][21].
European markets set to start the new trading week on a somber note
CNBC· 2025-11-17 06:21
Market Overview - European stocks are expected to open the new trading week on a slightly negative note, with the U.K.'s FTSE index projected to decline by 0.13%, Germany's DAX and France's CAC 40 also expected to be lower, and Italy's FTSE MIB down by 0.2% [1][2] Investor Sentiment - The pessimistic mood among regional stocks follows a troubled week for European markets, where regional bourses closed sharply lower due to concerns about an artificial intelligence bubble and the global economy, which have shaken investor confidence [2] Federal Reserve Influence - Recent comments from U.S. Federal Reserve officials have led investors to reassess the likelihood of a rate cut in December, with current market pricing indicating a 56.1% chance that the Fed will maintain rates at its next meeting, a significant drop from a 95% probability a month ago [3] Market Dynamics - In the U.S., stock futures remained relatively unchanged after a volatile week characterized by valuation fears, market rotation, and adjustments to Federal Reserve rate cut expectations, which have impacted the artificial intelligence sector [4] Regional Market Reactions - Asia-Pacific markets exhibited mixed trading patterns as investors evaluated rising tensions between Japan and China, particularly after Beijing issued warnings to its citizens regarding travel and study plans in Japan [4]