Celsius’ growth story is back, according to TD Cowen, on the strength of its position in women’s energy drinks. Analyst Robert Moskow upgraded Celsius to buy from hold, and raised his price target, saying that an improvement in sales and a creative new direction from management has reinvigorated the energy drink company. His price target, hiked to $55 from $37, implies more than 30% upside from Friday’s close of $41.16. The stock was last up more than 3% in extended trading. “We upgrade CELH to Buy and raise our PT to $55,” Moskow wrote Monday in a note called “Celsius’…
Author: usaeverydaylife
Payment stocks took a hit on Friday following a Wall Street Journal report that Amazon and Walmart are exploring the possibility of using or issuing their own stablecoins. Analysts and investors say that may have been a little hasty. Stablecoins provide a way to move the value of U.S. dollars using cryptocurrency rails instead of traditional banking rails. They’re appealing to retailers for their potential to save companies billions of dollars in processing fees, thanks to the speed and cost efficiency of blockchain technology, although that would cut a high volume of transactions away from the major card networks. Uber…
U.S. President Donald Trump raises a fist as he steps off of Air Force One upon arrival at Calgary International Airport, before the start of the G7 summit, in Alberta, Canada, June 15, 2025. Dave Chidley | Afp | Getty ImagesOngoing trade instability and turmoil in Ukraine and the Middle East are set to dominate talks, as leaders of the world’s largest advanced economic powers gather in Canada for this year’s Group of Seven (G7) summit.With uncertainty over those major issues largely arising from the White House’s economic and foreign policy, allies are likely to ask whether U.S. President Donald…
Immigration and Customs Enforcement agents detain a man after conducting a raid at the Cedar Run apartment complex in Denver, Colorado, U.S., Feb. 5, 2025. Kevin Mohatt | ReutersA spate of federal immigration enforcement raids from Los Angeles to New York has sparked demonstrations and rallies around the country, leading to mass arrests and National Guard deployment.The U.S. Immigration and Customs Enforcement crackdown has heightened concerns of foreign-born residents, especially undocumented immigrants and their families, about how they should prepare for worst-case scenarios of being detained or deported. Planning ahead for such emergency scenarios must include a strategy for who will handle…
European banks, oil stocks lead markets higherEuropean Stoxx 600 banks were 1.3% higher at 9:55 a.m. U.K. time, while oil and gas stocks gained 1.18% as investors took in the latest from the Israel-Iran conflict — which is driving crude oil prices sharply higher and reigniting inflation concerns.Sectors in decline include health-care, down 0.7%, and food and beverages, down 0.5%.Missiles fired from Iran are pictured in the night sky over Jerusalem on June 14, 2025. Menahem Kahana | Afp | Getty ImagesOverall, the Stoxx 600 index was up 0.33%. In a sign that last week’s safe haven flight is abating,…
France’s President Emmanuel Macron gives the keynote address at the Shangri-La Dialogue Summit in Singapore on May 30, 2025. Ludovic Marin | Afp | Getty ImagesEuropean leaders are looking to Southeast Asia with renewed interest amid Washington’s aggressive tariff agenda, but experts warn that the state of regional trade ties makes it challenging to disrupt the U.S. or China’s hold.Southeast Asia is in a predicament: its ally China is ramping up its advances in the South China Sea, with state-of-the-art Chinese bomber planes. spotted in the disputed Paracel Islands in the region late last month as tensions flare with the…
Trails of Iranian ballistic missiles light up the night sky as seen from Gaza City during renewed missile strikes launched by Iran in retaliation against Israel on June 15, 2025. Anadolu | Anadolu | Getty ImagesTehran will “pay the price” for its fresh missile onslaught against Israel, the Jewish state’s defense minister warned Monday, as markets braced for a fourth day of ramped-up conflict between the regional powers.Fire exchanges have continued since Israel’s Friday attack against Iran, with Iranian media reporting Tehran’s latest strikes hit Tel Aviv, Jerusalem and Haifa, home to a major refinery. CNBC has reached out to…
A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty ImagesShares of French fashion house Kering popped 7% on Monday on reports that it has appointed industry outsider Luca de Meo as group CEO. It comes as the owner of beleaguered brands Gucci and Saint Laurent embarks on the latest phase of its turnaround effort.Auto veteran de Meo’s departure as CEO of Renault was confirmed Sunday, with the French carmaker saying in a statement that he was stepping down “to take on new challenges outside the automotive…
Smoke rises in the distance following an Israeli airstrike in Tehran, Iran, on June 14, 2025. \Khoshiran | Afp | Getty Images Israel’s airstrikes on Iran Friday sent reverberations through financial markets.Oil prices jumped on fears that supply from Iran, the world’s ninth-largest oil producer in 2023, would be disrupted.Prices of gold, the stalwart shelter in times of crises, rose. Investors flock to the precious metal amid uncertainty because it serves as a stable store of value that is mostly resistant against exogenous shocks, such as inflation or geopolitical conflicts.And the dollar strengthened, as it is wont to do when…
Oxford Street on May 2 2025, in London.Mike Kemp | In Pictures | Getty ImagesWhen U.K. Chancellor Rachel Reeves announced her government budget last fall, unveiling a £70 billion ($95 billion) boost to public spending to be funded by higher borrowing and £40 billion in tax rises, which mostly hit British businesses, she insisted it was a one-off move, telling lawmakers that “we’re not going to be coming back with more tax increases, or indeed more borrowing.”Times have changed, however, and as Reeves tries to balance the books and stick to her stated non-negotiable “fiscal rules” — while pursuing a…
