2025 Jeep Cherokee SUVStellantisDETROIT — Jeep on Thursday revealed the first details and image of its new Cherokee SUV, which the company expects to assist in the brand’s turnaround when it arrives later this year.The Stellantis brand said the new midsize SUV will feature a hybrid powertrain option but declined to specify if it would be a traditional hybrid or plug-in hybrid electric vehicle (PHEV), which the company currently offers on several SUVs.”The all-new Jeep Cherokee headlines our efforts to deliver more product, innovation, choice and standard content to customers than ever before,” Jeep CEO Bob Broderdorf said in a…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Contessa Brewer joins ‘Squawk on the Street’ to discuss why international travel in the U.S. has declined while tourism oversees is booming. Source link
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh here — One of the things I’ve learned to do over the years is to stop thinking about investment opportunities purely through the lens of my own taste or experiences. I may not always be representative of the attitudes and desires of the bulk of the population. Nowhere is this more true than when it comes to consumer discretionary stocks and especially within the restaurant group. Darden Restaurants (DRI) owns eleven major dining brands, including the Capital…
Omada Health smart devices in use.Courtesy: Omada HealthOmada Health plans to raise up to $158 million in its up coming IPO, attaining a market cap of about $1.1 billion at the top end of its expected range, according to a filing on Thursday. The virtual chronic care company filed its prospectus earlier this month, and has just updated the filing with an expected pricing range of $18 to $20 per share. Omada said it plans to sell 7.9 million shares in the offering.The size of the offering and share price could change, and the market cap could be higher on…
Boeing Co. 737 Max fuselages at the company’s manufacturing facility in Renton, Washington, on April 15, 2025.Bloomberg | Bloomberg | Getty ImagesBoeing’s airplane deliveries to China will resume next month after handovers were paused amid a trade war with the Trump administration, CEO Kelly Ortberg said Thursday, as he brushed off the impact of tit-for-tat tariffs with some of the United States’ largest trading partners this year.Ortberg had said last month that China had paused deliveries.”China has now indicated … they’re going to take deliveries,” Ortberg said. The first deliveries will be next month, he told a Bernstein conference on Thursday.Boeing,…
Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCSalesforce shares slumped about 6% despite topping Wall Street’s fiscal first-quarter estimates and lifting its full-year guidance due to artificial intelligence tailwinds.The sales and customer service software giant said it now expects $11.27 to $11.33 in adjusted earnings per share and $41.0 billion to $41.3 billion in revenue for the fiscal year. That’s up from previous guidance that called for adjusted EPS between $11.09 and $11.17 and $40.5 billion to $40.9 billion in revenue.”Q1 results,…
Analysts are raising their forecasts on Uber Technologies stock by an outsized margin compared to peer tech names. CNBC Pro scanned the S & P 500 to find stocks where analysts have grown increasingly bullish since the start of what’s proven a tumultuous second quarter, and Uber stuck out. Specifically, the stock has seen its average price target increase 8% since the start of the second quarter on April 1. Shares have advanced 22% in that time, through Wednesday, and up nearly 47% in 2025. Analysts cite both strong demand for Uber’s core ride-sharing business as a reason for optimism,…
Nvidia’s fiscal first-quarter results were strong, but tempered by challenges that kept them from being exceptional. The company reported record revenue of $44 billion, up 69% year over year and surpassing analyst estimates of $43.3 billion. Data center revenue, the core driver, reached $39.2 billion, close to estimates and up 73% year on year, driven by robust demand for AI chips. Nvidia’s revenue guidance for Q2 fiscal 2026 was $45 billion, in line with analyst expectations, despite an $8 billion hit from China export restrictions. CEO Jensen Huang emphasized the “booming” demand for AI hardware, particularly for Blackwell GPUs, with…
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | ReutersThe New York Times on Thursday struck a deal with Amazon allowing it to use the storied news organization’s content across its artificial intelligence platforms.The multi-year deal “will bring Times editorial content to a variety of Amazon customer experiences,” the Times said in a release. The agreement also includes content from the newspaper’s other properties like NYT Cooking and The Athletic.”This will include real-time display of summaries and short excerpts of Times content within Amazon products and services, such…
Wall Street’s excitement after the latest trade development may be short lived. Stock futures rallied overnight after a U.S. federal trade court struck down President Donald Trump’s so-called reciprocal tariffs. Safe-haven gold fell to a one-week low on the news, as traders around the world moved into riskier assets. U.S. Treasury prices also rallied, pushing yields lower. But while the court ruling halts levies that would pressure corporate profit margins and drive consumer prices higher, it also adds another layer of complexity at a time when investors are trying to look past trade headwinds. “The court injunction … poses a double-edged…
