Here are five key things investors need to know to start the trading day:
1. Beginning of the end
2. Exit ramp
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022.
Massimo Pinca | Reuters
Stellantis CEO Carlos Tavares is out. The executive resigned on Sunday from the troubled automaker amid “different views” between Tavares and the board, the company said. Stellantis has struggled this past year, particularly in its U.S. market, weighed down by a lack of investment in new or updated products as well as historically high prices and extreme cost-cutting. An interim executive committee will step in while Stellantis conducts a search for its next CEO.
3. Around the clock
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2024.
Brendan McDermid | Reuters
There may soon be a (nearly) around-the-clock stock exchange. The 24X National Exchange is set to launch next year and wants to be open for business from 4:00 a.m. ET to 7:00 p.m. ET on weekdays, with the potential to expand its trading window to 8:00 p.m. ET on Sunday through 7:00 p.m. ET on Friday, with a one-hour pause each day, the exchange said last week. The ultra-long trading window would require clearing certain hurdles with the U.S. Securities and Exchange Commission.
4. Nuclear powerhouse
GE Hitachi Nuclear Energy’s BWRX-300 small modular reactor incorporates proven components.
Courtesy: GE Vernova
GE Vernova, the spinoff of General Electric’s former energy business, has a plan to capitalize on surging electricity demand. The company aims to deploy small nuclear reactors across the developed world over the next decade with a goal to reduce the cost of building new nuclear plants and a target of more than $2 billion in annual revenue from the business by the mid-2030s. “Affordability has been the real challenge for nuclear through the many years,” said Nicole Holmes, chief commercial officer at GE Vernova’s nuclear unit GE Hitachi. “We’re beginning to crack that at this point.” Read more about GE Verona’s plans from CNBC’s Spencer Kimball.
5. Thanksgiving feast
H/O: Moana 2 Movie Stills from teaser.
Courtesy: Walt Disney Studios
The Thanksgiving box office gobbled up records this year, hauling in an estimated $420 million over the 5-day period. That’s the best result for the holiday window in cinematic history, and it’s all thanks to the trifecta of “Moana 2,” “Wicked” and “Gladiator II.” The Disney animated feature brought in more than double its projected tally during its debut window, and “Wicked” continued its impressive early start, becoming the highest-grossing Broadway adaptation of all time at the domestic box office.
– CNBC’s Alex Harring, Michael Wayland, Jesse Pound, Spencer Kimball and Sarah Whitten contributed to this report.
