Fruit and vegetables are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | Afp | Getty ImagesAmericans grew less fearful about inflation in May as President Donald Trump backed off the most severe of his tariff proposals, according to a New York Federal Reserve survey Monday.The central bank’s Survey of Consumer Expectations showed that the one-year inflation outlook took a substantial dip, down to 3.2% — a 0.4 percentage point decrease from April.At the three-year horizon, the outlook fell 0.2 percentage point to 3%, while the five-year forecast edged down to 2.6% from 2.7%.While…
Author: usaeverydaylife
U.S. data center operator Vantage has raised 720 million euros ($821.4 million) — the first of its kind deal in Europe.The asset-backed securitization (ABS) deal, the first ever euro-denominated with data center assets on the continent, involves four data centers in Germany.The company said it will be paying on average a 4.3% coupon on the bonds issued through the process.In an ABS, Vantage raises money by using its data center infrastructure and future revenues from the facilities as collateral.Vantage said it will use the funds primarily to pay off existing construction loans previously secured for the facilities.”We believe the ABS…
An overly optimistic outlook on Tesla’s robotaxi rollout and a feud between CEO Elon Musk and President Donald Trump will keep the company’s stock in check, according to Baird. The firm downgraded in the electric vehicle company to neutral from buy. It maintained its $320 price target, which calls for about 8% upside from Friday’s close. Musk told CNBC’s David Faber in May that Tesla plans to have robotaxis in Austin by the end of this month . “We believe Musk’s comments regarding the robotaxi ramp rate are a bit too optimistic, and we believe this excitement has been priced…
A row of Waymo vehicles burn on a street during an anti-ICE protest in downtown Los Angeles, California, on June 8, 2025. Benjamin Hanson | Afp | Getty ImagesSeveral Waymo autonomous vehicles were set ablaze in downtown Los Angeles on Sunday amid widespread protests against President Donald Trump’s immigration crackdown.A spokesperson for the Alphabet-owned company confirmed there were multiple Waymo vehicles in the vicinity of protests that were unable to be retrieved. Waymo is suspending service in the protest area until it is deemed safe, the spokesperson added. Waymo responded with guidance from the Los Angeles Police Department, the spokesperson…
Jensen Huang, co-founder and chief executive officer of Nvidia, at the London Tech Week exposition in London, UK, on Monday, June 9, 2025.Bloomberg | Bloomberg | Getty ImagesLONDON — Wherever Nvidia CEO Jensen Huang goes, excitement follows — this time, all the way to London Tech Week.The Nvidia boss — whom Wedbush analyst Daniel Ives dubs the “godfather of AI” — is more like a rockstar these days, given his wide-spanning effect on the AI industry.”The amount of infrastructure required for AI wouldn’t be possible without that man,” one attendee at London Tech Week said.”He’s like Iron Man,” the attendee…
Here are Monday’s biggest calls on Wall Street: Goldman Sachs initiates eToro as buy Goldman said the financial services company has a differentiated offering. “We see ETOR as an attractive market share gain story in the fragmented European retail brokerage market, driven by a differentiated offering vs. peers, in terms of: 1) its geographic and product breadth (a pan-European client base that can trade global unlevered and levered equities, currencies, commodities, and crypto); 2) a tech-enabled offering…” Morgan Stanley downgrades Lululemon to equal weight from overweight Morgan Stanley downgraded the stock citing a slew of negative data points. “We’re downgrading…
(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 opportunities in emerging markets on the back of U.S.-China trade talks and at a cybersecurity play focused on AI and remote work. Worldwide Exchange pick: CrowdStrike Shana Sissel of Banrion Capital sees more upside in CrowdStrike despite the cybersecurity giant seeing a more than 35% gain this year. “It’s the leading player in that space. … Its Falcon XDR technology is incorporating AI, remote work continues to be a…
Walmart’s push to grow in the e-commerce arena could be a key catalyst for its stock, according to Mizuho Securities. The firm named Walmart a top pick and raised its price target on the retailer to $115 per share from $105. That implies upside of nearly 18%. “The multi-year rebuild into a much more tech-led player is working, with a focus on speed of delivery and further volume gains ahead,” analyst David Bellinger said. “WMT is on pace to deliver annual U.S. e-commerce revenues in excess of $100B or closing in on ~10% of all domestic online sales – making it…
People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an initial public offering earlier in the day on July 29, 2021 in New York City.Spencer Platt | Getty ImagesRobinhood shares sold off on Monday as the online brokerage was snubbed in the latest quarterly rebalance of the S&P 500 Index after months of speculation that it could earn a coveted spot in the benchmark.Shares of Robinhood dropped nearly 5% in premarket trading. The stock has rallied 3.3% Friday to bring last week’s gain to over…
The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023.Bloomberg | Bloomberg | Getty ImagesThe world’s largest sovereign wealth fund will this week tell the European Union that “better and simpler regulation” is key to the markets reforms it urgently needs.”European markets over time have fallen behind in terms of business dynamism and the provision of new investment opportunities to institutional investors,” Norges Bank Investment Management, the largest single-owned investor in EU capital markets, said in a letter addressed to the European Commission to be sent Tuesday.The letter comes as part of an EU consultation on…
