Levi Strauss’s profits are growing more than Wall Street expected despite higher costs from tariffs, thanks to targeted price increases and a shift away from wholesalers, the company said Thursday as it reported fiscal third quarter results. During the quarter, Levi’s gross margin grew 1.1 percentage points to 61.7%, up from 60.6% in the year-ago period and better than the 60.7% analysts had expected, according to StreetAccount. In an interview with CNBC, CEO Michelle Gass said the company has started to raise the price of some of its jeans and clothes and will hike more prices in the U.S. and other markets…
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There are still big gains to be had in Nvidia , according to Cantor Fitzgerald. The investment firm raised its price target on the graphics processing unit maker to $300 from $240, implying that shares could surge 59%. Cantor also kept its overweight rating on the stock. While renewed interest in the AI trade has driven Nvidia to new highs recently, analyst C.J. Muse asserted that the stock’s long-term prospects still look solid. Supporting this point is the fact that AI token demand has “exploded” in the past 12 to 16 weeks. NVDA YTD mountain NVDA YTD chart “We are…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) It says a lot about the gentleness of the market’s recent climb that today’s half-percent sag in the S & P 500 would essentially match the two worst days for the index since late August. At this point, the action is best described as a few days of hesitation since the index first hit the 6,700 level eight days ago. Still, because so much attention has fallen on the sustainability of the feverish AI-driven leadership and we’re now…
NY Attorney General Letitia James speaks during a press conference on the Department of Government Efficiency (DOGE) at Manhattan Federal Courthouse on Feb. 14, 2025 in New York City. Michael M. Santiago | Getty ImagesNew York Attorney General Letitia James was indicted Thursday by a grand jury in Virginia on at least one count of bank fraud after evidence presented by a prosecutor hand-picked by President Donald Trump, MSNBC reported.James is a long-time antagonist of Trump.The same prosecutor who obtained the indictment, Lindsey Halligan, recently obtained a criminal indictment against another Trump foe, former FBI Director James Comey.This is breaking…
The tablet of the new Tesla Model 3. Matteo Della Torre | Nurphoto | Getty ImagesTesla is facing a federal investigation into possible safety defects with FSD, its partially automated driving system that is also known as Full Self-Driving (Supervised).Media, vehicle owner and other incident reports to the National Highway Traffic Safety Administration showed that in 44 separate incidents, Tesla drivers using FSD said the system caused them to run a red light, steer into oncoming traffic or commit other traffic safety violations leading to collisions, including some that injured people.In a notice posted to the agency’s website on Thursday,…
Hasbro Inc. (NASDAQ: HAS) , the venerable toy and entertainment giant behind iconic brands like Transformers, Monopoly, and My Little Pony, will report earnings on Oct. 23. As investors gear up, the spotlight is on how the company can navigate macro headwinds, cost pressures, and evolving consumer preferences in the toy, gaming, and licensing spaces. In its last reported results (for the second quarter of 2025), Hasbro delivered adjusted EPS of $1.30, beating consensus expectations (~$0.78) and posting net revenue of $980.8 million (a ~1.5 % year-over-year decline). The performance was helped by strength in its digital/gaming and Wizards of…
In the ever-evolving long-term competition between the United States and China, it can be easy to lose sight of the quieter but more enduring risks that lie beneath the headlines.Case in point: China’s new sweeping export controls on rare earth magnets and related technologies, tightening its grip on critical inputs for everything from EVs to fighter jets. Under the new rules, any magnet containing even trace amounts of Chinese-sourced rare earths — or made using Chinese methods — now requires Beijing’s explicit approval for export. This marks a significant development in China’s export controls and should be understood as the…
Commander Jared Isaacman of Polaris Dawn, a private human spaceflight mission, speaks at a press conference at the Kennedy Space Center in Cape Canaveral, Florida, U.S. August 19, 2024. Joe Skipper | ReutersPresident Donald Trump has met with Jared Isaacman to discuss another nomination to lead NASA, a source familiar with the talks confirmed to CNBC’s Morgan Brennan.Isaacman, who has close ties with SpaceX CEO Elon Musk, was at the White House in September for Trump’s dinner for tech power players. Musk did not attend.After a fiery back-and-forth between Musk and Trump over government spending, the president pulled Isaacman’s nomination for…
JPMorgan and Progressive are among the companies reporting quarterly results next week that could see their shares rise. The third-quarter earnings season officially kicks off next week, as 34 companies in the S & P 500 — or nearly 7% of the benchmark — are on the docket to share their most recent quarterly results. Many of the major banks are set to report, including JPMorgan, Citibank , Goldman Sachs , Morgan Stanley and Wells Fargo . Johnson & Johnson will also headline the week. In preparation, CNBC Pro screened data from FactSet to find the S & P 500…
People walk in front of the the U.S. Department of Education, amid reports that U.S. President Donald Trump’s administration will take steps to defund the federal Education Department, in Washington, U.S., February 4, 2025. Kevin Lamarque | ReutersDespite the government shutdown, the U.S. Department of Education is sending out notices to student loan borrowers that their debt will soon be canceled.”You are now eligible to have some or all of your federal student loan(s) discharged because you have reached the necessary number of payments under your Income-Based Repayment (IBR) Plan,” reads an email sent to a borrower. CNBC reviewed multiple notices…
