CNBC calculated the rolling 60-day correlation of daily returns for each of the 21 unique pairs among the Magnificent Seven.
The 'Magnificent Seven' is no more. Time to pick winners and losers as group's correlation breaks down
Source: CNBC
Original reporting
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CNBC5 outlets
At least 64 people dead in high-speed Spain train crash
High-speed service travelling from Madrid to Seville runs into back of another, knocking two carriages off track Spain train crash – latest updates At least 64 people have been killed after two high-speed trains collided in Toledo province in central Spain, in the country’s second major train accident this year. The trains were travelling in the same direction on the line from the Spanish capital, Madrid, to Seville in the south-west of the country. One ran into the tail of the other that had stopped, knocking two of its cars off the track. Authorities said the cause of the crash was not yet known. Continue reading...
CNBC
Wendy's shares jump 15% as Nelson Peltz's Trian offers $1.4 billion to buy burger chain
Wendy's has endured a tough two-year stretch as diners eat out less often.
The Guardian2 outlets
Budget 2026 live: Healey announces £100 energy payment for millions and rise in bank tax
Chancellor also announces tax relief for business founders, and funding to tackle rough sleeping and ‘new deal for datacentres’ Budget 2026: key points at a glance Martin Lewis said that, when he met John Healey this morning, the chancellor said that, having removed standing charges from gas bills, he would also like to get rid of them from electricity bills. Lewis said: The chancellor said he will be talking to Ofgem about how they get rid of the charge on electricity as well, but that is ‘trickier’ apparently and will take longer. Continue reading...
CNBC
DraftKings CEO Jason Robins says parents should talk with kids about responsible gambling
DraftKings CEO Jason Robins said parents should talk with their children about responsible gambling, describing how he approaches the subject with his family.
CNBC
Bearista cups are returning at Starbucks. Can the viral sensation boost holiday sales again?
Starbucks CEO Brian Niccol is hoping to recapture lightning in a bottle and keep his turnaround plan moving forward.
CNBC
Anthropic warns some risks may be uninsurable. AI coverage is going to be an issue for every company
Anthropic warned the market there may not be enough insurance in the world to covers its AI risks. To less extreme degrees, it's an issue all companies face.