ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSquawk Box EuropeThis August, CNBC’s Ritika Gupta is reporting on London’s economy, and has recently taken a look at the capital’s housing market.02:532 hours ago Source link
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Bank of America see significant upside ahead of hot AI stock LegalZoom . Analyst Michael McGovern upgraded the online legal services provider from underperform to buy and raised his price target by $4 to $12. His new target on the stock — which already is up 11.5% this year — suggests shares can jump 43%. Management “has executed a substantial portion of the shift toward Subscriptions, while also adding strategic AI collaborations,” McGovern said in a Friday note as a top reason for his upgrade. McGovern highlighted LegalZoom’s new partnerships with searchbots Perplexity and OpenAI’s ChatGPT agent as moves that…
Johner Images | Johner Images Royalty-free | Getty ImagesPresident Donald Trump’s “big beautiful bill” overhauled the so-called Standard Repayment Plan for federal student loan borrowers.Next year, millions of current borrowers will have access to the changed program. For new borrowers, it will be one of just two options available to pay back their debt.That may not be to their benefit, experts say: For some borrowers, the new Standard Plan will keep them in debt longer and add tens of thousands of dollars to the total they must repay.”The design of the new plan, in which a borrower’s payment term is scaled up…
Stock market information at the Nasdaq MarketSite in New York, US, on Wednesday, July 9, 2025. Bloomberg | Bloomberg | Getty Images Markets have still got that loving feeling despite U.S. tariffs coming into effect. On Thursday, President Donald Trump’s “reciprocal” tariffs hit dozens of countries, with those not named in the list subject to a 10% baseline levy.Thursday marked the culmination of quite a few deadlines the world has faced, as it rides the rollercoaster of Trump’s tariff strategy. And while this deadline has been enforced, the tariffs are not really set in stone. Negotiations, of course, will keep…
10’000 Hours | Digitalvision | Getty ImagesCriminals are increasingly pilfering the retirement and other financial accounts of older Americans via so-called “imposter” scams, the Federal Trade Commission reported Thursday.The frauds tend to go like this: Scammers conjure a fake crisis and pose as trustworthy sources — perhaps a representative for a bank or companies like Amazon, Apple or Microsoft, or workers at a federal agency like the Social Security Administration or FTC — who can supposedly help them fix it.In the process, they persuade unsuspecting victims to transfer their money to “keep it safe” or for another bogus reason, the…
In a Thursday interview with CNBC’s Jim Cramer, E.l.f. Beauty CEO Tarang Amin defended his company’s decision to raise its prices by $1 to combat the costs of President Donald Trump’s tariffs, suggesting customers were not put off by the increase.”We had about 98% positive sentiment from our consumers,” Amin said, suggesting customers appreciated E.l.f’s transparency about the change. “Even after the price increase, 75% of our portfolio is $10 or less, so still a phenomenal value.”E.l.f. shares declined 9.48% on Thursday as investors reacted to the company’s earnings. The budget cosmetics brand posted a top and bottom line beat,…
Ryu Young-sang, CEO of South Korean telecoms giant SK Telecom, told CNBC that AI is helping telecoms firms improve efficiency in their networks.Manaure Quintero | Afp | Getty ImagesSouth Korea has tasked some of its biggest companies and promising startups to build a national foundational AI model using mainly domestic technology, in a rare move to keep the country apace with the U.S. and China.The project will feature South Korean technologies from semiconductors to software, as Seoul looks to create a near self-sufficient AI industry and position itself as an alternative to China and the U.S.The Ministry of Science and…
Traders work on the floor of the New York Stock Exchange during morning trading on August 05, 2025 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesU.S. stock futures ticked higher early Friday after the Dow Jones Industrial Average logged its second losing day in the past three.Futures tied to the blue-chip index rose 74 points, or 0.17%. S&P 500 futures and Nasdaq 100 futures climbed 0.17% and 0.15% respectively.In Thursday’s regular trading, the 30-stock Dow closed down about 224 points, or 0.5%, while the S&P 500 ended the session off 0.08%. The Nasdaq Composite…
Global markets have largely been indifferent to U.S. President Donald Trump’s latest tariffs, a sharp departure from the steep selloff triggered by his April 2 announcement of “reciprocal” duties, as investors grow increasingly numb to what they see as a negotiating tactic. In recent days, the U.S. rolled out new tariffs of 10% to 15% on imports from the EU, Japan, and South Korea, while levying higher 20% duties on products from Taiwan, Vietnam, and Bangladesh. The MSCI All Country World Index, which measures the performance of over 2,500 stocks from both developed and emerging markets, inched higher by around…
CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions.Stock market information at the Nasdaq MarketSite in New York, US, on Wednesday, July 9, 2025. Bloomberg | Bloomberg | Getty ImagesOverview: Space IPOs are rearing their heads againIt’s a brave person who calls a market closed or open, particularly for listings — you’ll forgive me if I’m not the one to make that plunge. But the gentle trickle of space IPOs since the start of the year, after a dearth of listings in recent years, isn’t…
