Deutsche Bank’s Binky Chadha is bullish again, confident that the Trump administration will continue to back down on tariffs. “Our base case was for a significant rally in equities on a credible relent on trade policies,” the chief U.S. equity and global strategist wrote Tuesday. “In the event, the administration relented earlier than we had anticipated, driven primarily by market reaction, and before the emergence of any legal barriers or economic or political pain.” “This reinforces the view that if negative impacts of tariffs do materialize, we will get further relents,” Chadha added. Chadha raised his year-end S & P…
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The tax and spending bill winding its way through Congress could end up delivering a gift for exercise buffs and a boost to the stock price of their favorite gyms. The bill that passed the House of Representatives last month included a provision that would expand the allowable uses for health savings accounts to include “qualified sports and fitness expenses.” HSAs work alongside high-deductible health insurance plans, and they allow savers to put away pre-tax dollars and have them accumulate free of taxes. The money can be withdrawn tax free to cover qualified medical expenses. The bill calls for allowing…
Jan Williamson, retired, age 72, of Penn Argyle, Pennsylvania, often finds herself chatting up ChatGPT for answers to questions instead of what used to be the old searching standby: Google.”It will give you plenty of basic information, and expanded information if you ask for it, on any topic you can think of. I now use it regularly to give me information on anything I don’t understand or am curious about,” said Williamson.But if Williamson engages in conversations with it that are too long, she’d notice ChatGPT might start to run out of gas, despite the massive data farms that power the…
(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…
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…
