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…
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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…
Considered the home of theatre in London this view is looking from Piccadilly CircusDoug Armand | Stone | Getty ImagesU.K. economic growth is expected to be stifled by an ongoing squeeze on the country’s public finances, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday.The U.K. is expected to grow 1.3% in 2025 before slowing to 1% in 2026, the OECD said in its latest global economic outlook report, “dampened by heightened trade tensions, tighter financial conditions, and elevated uncertainty.”The organization projected that growth will “remain modest,” impacted by bolstered trade tensions and uncertainty surrounding consumer confidence and…
JPMorgan has a plethora of reasons for moving off the sidelines on Pinterest . Analyst Doug Anmuth upgraded shares of the visual search platform to overweight from neutral and lifted his price target by $5 to $40. With that refreshed target, Anmuth sees the stock rallying 25.4% from Monday’s close. “Given solid execution, potential upside to estimates, & what we believe remains lukewarm market positioning, we view the risk/reward on PINS as favorable,” Anmuth wrote to clients in a Tuesday note. Anmuth pointed out that the majority of monthly active users and revenue are tied to the mobile app, which…
A cyclist rides past the Meta sign outside the headquarters of Facebook parent company Meta Platforms in Mountain View, California, on Nov. 9, 2022.Peter Dasilva | ReutersMeta has signed a 20-year agreement to buy nuclear power from Constellation Energy, continuing the wave of tech giants teaming up with the industry in order to meet the growing power needs of data centers.Beginning in June 2027, Meta will buy roughly 1.1 gigawatts of energy from Constellation’s Clinton Clean Energy Center in Illinois, which is the entire output from the site’s one nuclear reactor. The companies said the long-term agreement will support the…
Stephen Curry is a two-time National Basketball Association Most Valuable Player, a four-time league champion and among the greatest shooters of all time.He also owns a media company, a bourbon brand, a golf league for kids and a philanthropic foundation that gives back to students in Oakland, California.Yet, even the Golden State Warriors star suffers from impostor syndrome.”I’m human,” Curry said in an interview for “Curry Inc.,” a CNBC Sport production centered on Curry’s career and business ambitions. “Like everybody, you have doubts about yourself, you have impostor syndrome at times.”Stephen Curry, #30 of the Golden State Warriors celebrates with…
Shoppers buy fresh vegetables, fruit, and herbs at an outdoor produce market under green-striped canopies in Regensburg, Upper Palatinate, Bavaria, Germany, on April 19, 2025.Michael Nguyen/NurPhoto via Getty ImagesEuro zone inflation fell below the European Central Bank’s 2% target in May, hitting a cooler-than-expected 1.9% as the services print eased sharply, flash data from statistics agency Eurostat showed Tuesday.Economists polled by Reuters had expected the May reading to come in at 2%, compared to the previous month’s 2.2% figure.The closely watched services inflation print cooled sharply, amounting to 3.2% last month, compared to the previous 4% reading. So-called core inflation,…
In the coming weeks, the U.S. Senate is expected to consider, amend and eventually vote on President Donald Trump’s budget agenda, called the “One Big Beautiful Bill Act.” The House passed the bill on May 22 by a single vote. The massive bill includes a variety of provisions aiming to cut government spending and raise revenue to address the federal deficit. Major provisions include making Trump’s 2017 tax policy permanent where it would otherwise expire at the end of the year and cutting Medicaid benefits.Efforts to reform the federal student loan program are also included within the bill’s 1,000-plus pages. The…
The Netherlands far-right PVV Freedom Party leader Geert Wilders speaks to the media representatives following the European Parliament elections provisional results in The Hague on June 6, 2024. Emiel Muijderman | Afp | Getty ImagesThe Dutch government collapsed on Tuesday after disagreements over immigration proposals led to far-right leader Geert Wilders withdrawing his party from the ruling coalition.Wilders said in a CNBC-translated post on the X social media platform that his Party for Freedom (PVV) party would be departing over the alliance’s lack of support for their asylum proposals.The PVV won a landslide victory in the Netherlands’ general election in 2023,…
