(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for ways to play the tariff uncertainty. Also a look into the quantum computing space with a start-up with high profile customers like Nvidia and JPMorgan. Worldwide Exchange Pick: TJX Nimrit Kang of NorthStar Asset management said off-price retailer TJX is a smart way to play the tariff uncertainty and a potential slowdown in consumer spending. “The consumer is feeling the pain, the consumer across every single demographic across every…
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Salesman Walter Silva (R) helps Alexis Lechanet shop for a Ford vehicle at Metro Ford on May 6, 2025 in Miami, Florida.Joe Raedle | Getty ImagesDETROIT — Ford Motor on Tuesday reported a 16.3% year-over-year U.S. sales increase for May, as the automaker continues an employee pricing program amid rising tariff costs and vehicle price increases.Sales for the Detroit automaker were led by a 17.2% increase in its vehicles with traditional internal combustion engines, as well as a roughly 29% jump in hybrid models. Those gains offset a 25% drop in sales of all-electric vehicles — notably its electric F-150…
LOS ANGELES, CALIFORNIA – MARCH 30: An Alaska Airlines Boeing 737 airplane departs Los Angeles International Airport en route to Washington D.C. on March 30, 2025 in Los Angeles, California. (Photo by Kevin Carter/Getty Images)Kevin Carter | Getty Images News | Getty ImagesAlaska Airlines plans to start its first flights to Europe next year with nonstop service to Rome from Seattle.The Seattle-based carrier’s new route is enabled by its acquisition of Hawaiian Airlines — and its fleet of long-haul jets — last year.Flights are set to begin next May and will go on sale this coming fall, Alaska said Tuesday.…
Here are Tuesday’s biggest calls on Wall Street: Jefferies adds Nvidia to the franchise picks list Jefferies added the stock to its top ideas list. “We view NVDA as the dominant supplier of AI accelerators within the data center, an industry that is expanding rapidly due to the development and adoption of AI.” JPMorgan upgrades Pinterest to overweight from neutral JPMorgan said Pinterest is doing a good job of capturing a larger share of ad spending. “We’re upgrading Pinterest to Overweight & raising our PT to $40.” Jefferies downgrades Rio Tinto to hold from buy Jefferies downgraded the metals and…
Check out the companies making headlines before the bell. Dollar General — Shares of the discount retailer popped more than 10% after the company lifted its annual sales outlook, saying its updated guidance assumes that current tariff rates will remain through mid-August. Dollar General also beat on top and bottom lines for the first quarter. The company reported earnings of $1.78 per share on revenue of $10.44 billion, exceeding estimates of $1.48 per share and $10.31 billion, per LSEG. Hims & Hers Health — The telehealth platform added more than 5% after the company said it will acquire European counterpart…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailInvestors are using data that tracks the spending patterns of international tourists to trade stocks in luxury goods sector. CNBC’s Ganesh Rao reports. Source link
SXSW had branding all around the neighbourhood of Shoreditch in London.Arjun Kharpal | CNBCSouth by Southwest (SXSW) may be a well-known event in the United States, but it certainly hasn’t reached the same level of recognition in Britain.”What’s that?” asked a pedestrian who was passing by a SXSW London sign.SXSW is a festival held in Austin, Texas, every year that brings together big names in music, film, art and technology. The organizers have brought the event to London for the first time this week, and CNBC took at look at what’s going on.CNBC’s Tania Bryer moderated a discussion with London…
Valvoline is a best-in-class name that investors should snap up, according to Goldman Sachs. Analyst Mark Jordan upgraded the automotive maintenance retailer to buy from neutral. Jordan’s $45 price target suggests about 31% upside over Monday’s closing level. “Valvoline is a best-in-class operator that competes in a highly-fragmented market that benefits from non-discretionary, needs-based demand and is positioned well in the current macro environment,” Jordan wrote to clients in a Tuesday note. Jordan said Valvoline has limited impact to tariffs. He added that the current valuation is being hurt by narratives around the company that should be mitigated in the…
The Hims logo arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Bloomberg | Bloomberg | Getty ImagesHims & Hers Health announced Tuesday it will acquire European telehealth platform Zava in its push to expand globally.”We’re excited to take this moment to really accelerate both the European expansion, but also use this platform as an accelerant as we move into more markets,” Hims & Hers CEO Andrew Dudum told CNBC in an interview.The deal is set to close by mid-year, according to the company’s press release. While terms of the acquisition were not disclosed, the company said…
Klarna is synonymous with the “buy now, pay later” trend of making a purchase and deferring payment until the end of the month or paying over interest-free monthly installments.Nikolas Kokovlis | Nurphoto | Getty ImagesSwedish fintech Klarna — primarily known for its popular “buy now, pay later” services — is launching its own Visa debit card, as it looks to diversify its business beyond short-term credit products.The company on Tuesday announced that it’s piloting the product, dubbed Klarna Card, with some customers in the U.S. ahead of a planned countrywide rollout. Klarna Card will launch in Europe later this year, the…
