Wayfair has made “fundamental and sustainable” improvements that could benefit the stock after a wild ride this year, according to Citigroup. Citigroup upgraded the online furniture and décor stock to buy from neutral in a Monday note. It also raised its price target by $61 to $93 per share. The firm’s forecast implies about 27% upside from Monday’s close. Analyst Ygal Arounian said that much of the macroeconomic pressure that pushed Wayfair into the red for the year has largely waned — especially since President Donald Trump’s tariffs are being implemented at smaller levels than previously anticipated. Shares have are…
Author: usaeverydaylife
Mo Gawdat, former chief business officer at Google X, the company’s innovation lab, says AI is likely coming for your role — whether you’re in the C-suite or an entry-level worker. The idea that artificial intelligence will create jobs is “100% crap,” Gawdat said Monday on the “Diary of a CEO” podcast, using his own AI startup, Emma.love, as an example. He and two other software experts built the app with the help of AI, a project that would have required “350 developers in the past,” he said.Gawdat has worked in tech for over 30 years. He was in the C-suite…
Linda Yaccarino, CEO of X Corp., attends the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 5, 2025. Mike Blake | ReutersLinda Yaccarino, the former chief executive of Elon Musk’s social media platform X, is pivoting into health care. The digital health company eMed Population Health on Tuesday announced it has appointed Yaccarino as its new CEO. EMed is developing a population health management platform for the blockbuster weight loss and diabetes drugs called GLP-1s, the company said. It had raised a total $22 million as of 2022, according to PitchBook. Yaccarino, who rose rose to the…
Premium collection of dark, milk and white chocolates.Anna Kurzaeva | Moment | Getty ImagesU.S. buyers of Swiss products, from luxury watches and skincare to artisan chocolates, could soon face sharp price rises if negotiators are unable to strike a deal to avert 39% tariffs due to come into effect on Thursday.The announcement last week that Switzerland faces one of the highest U.S. tariff rates in the world stunned many politicians, analysts and businesses, who had thought the country was close to negotiating a deal similar to those of the European Union and U.K., which got baseline rates of 15% and…
Fox Corp. will launch its direct-to-consumer streaming service, Fox One, on Aug. 21, ahead of the NFL season, the company said Tuesday.The new streaming service will cost $19.99 per month, and pay TV subscribers will receive access for free, said CEO Lachlan Murdoch during the company’s earnings call.Fox One will host the entirety of the Fox TV portfolio — namely, live sports such as NFL and MLB that appear on its broadcast network, as well as news programming from its Fox News and Fox Business cable TV networks.Fox airs NFL games on Sundays during the regular season, which kicks off…
Warren Buffett’s Berkshire Hathaway once again scooped up shares of Sirius XM , hiking its stake in satellite radio company to about 37% of shares outstanding, after a sell-off on disappointing earnings. The Omaha-based conglomerate bought 5 million shares of Sirius XM via separate transactions on Thursday, Friday and Monday, according to a regulatory filing released Monday evening. Berkshire now owns 124.8 million shares, worth about $2.6 billion. Berkshire first invested in Sirius XM after billionaire John Malone’s Liberty Media completed its deal in 2024 to combine its tracking stocks with the rest of the audio entertainment company. It was part of…
President Donald Trump told CNBC on Tuesday that he has narrowed the field of potential future Federal Reserve chairs to four candidates, a list that does not include Treasury Secretary Scott Bessent.While the president did not disclose who is in contention, he revealed that Bessent, previously considered a leading candidate, has taken himself out of contention.”Well, I love Scott, but he wants to stay where he is,” Trump said during a “Squawk Box” interview. “I asked him just last night, ‘Is this something you want?’ [Bessent said], ‘Nope, I want to stay where I am. He actually said, ‘I want…
Nikesh Arora of the United States on the first hole during the third round of The Alfred Dunhill Links Championship at The Old Course on October 02, 2021 in St Andrews, Scotland.David Cannon | David Cannon Collection | Getty ImagesWhen Nikesh Arora was named CEO of Palo Alto Networks in June 2018, the cybersecurity company was valued at about $19 billion and was taking on large networking vendors like Cisco and Juniper, which were building security into their products.Seven years later, Palo Alto’s market cap has expanded by sixfold, driven in part by an acquisition spree that’s seen Arora spearhead…
Russia’s President Vladimir Putin bids farewell to India’s Prime Minister Narendra Modi following their meeting at the Kremlin in Moscow, Russia July 9, 2024. Gavriil Grigorov | Via ReutersRussia on Tuesday weighed into the growing spat between India and the U.S., with the Kremlin saying New Delhi is free to choose its own trading partners.Washington and India’s leadership are at loggerheads over imports of Russian oil, with U.S. President Donald Trump threatening New Delhi with much steeper tariffs if it continues to purchase the commodity from Russia.The Kremlin, an important trading partner of India’s and one which had stayed silent as…
President Donald Trump said Tuesday that the two largest American banks previously rejected him as a customer, reviving claims that conservative clients were being unfairly denied accounts.Trump told CNBC’s “Squawk Box” in a wide-ranging interview that JPMorgan Chase informed him he had 20 days to move “hundreds of millions of dollars in cash” to another bank. He didn’t say when this happened.The president then said he approached Bank of America to “deposit a billion dollars-plus” and was told the bank couldn’t provide him an account, Trump said.”[Bank of America CEO Brian Moynihan] said, ‘We can’t do it,'” Trump said. “So…
