The White House on Tuesday slammed Amazon for reportedly planning to display the cost of President Donald Trump’s tariffs next to the total price of products on its site.”This is hostile and political act by Amazon,” White House press secretary Karoline Leavitt told reporters.”Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?” Leavitt asked.She added, “This is another reason why Americans should buy American.”Shares of the online retail giant founded by Jeff Bezos dropped more than 2% in premarket trading following the remarks.Amazon did not immediately respond to CNBC’s request for…
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A United States Navy fighter jet and a tow tractor fell off an aircraft carrier and sank in the Red Sea on Monday after the crew lost control of the plane, the Navy said.One sailor sustained minor injuries, the Navy said, adding that it would investigate the incident on the aircraft carrier Harry S. Truman, which is operating in the Red Sea and helping to launch attacks against Houthi militias in Yemen. The F/A-18 Super Hornet fighter jet, which cost about $67 million, according to the Navy, was being towed in the hangar bay when crew members lost control.The aircraft…
Coca-Cola cans are pictured in a supermarket in Bayonne, New Jersey, on April 8, 2025. Charly Triballeau | Afp | Getty ImagesCoca-Cola beat Wall Street’s quarterly earnings and revenue estimates Tuesday and largely reaffirmed its full-year outlook, as it said it expects the effects of global trade conflicts to be “manageable.”For 2025, Coke is still anticipating that its organic revenue will grow 5% to 6% and comparable earnings per share will increase 2% to 3%.Unlike rival PepsiCo, Coke did not trim its full-year forecast. Coke said its operations are “primarily local,” although costs, like aluminum, could rise due to the trade…
Here are the biggest calls on Wall Street on Tuesday: Evercore ISI reiterates Apple as outperform Evercore says it’s sticking with Apple heading into earnings on May 1. ” Apple’s stock price in the near-term will be driven by geopolitics, but we expect AAPL should be able to execute on a host of mitigation strategies to offset the tariff impact over time. Maintain Outperform and $250 target.” Rosenblatt initiates Trade Desk as buy Rosenblatt says it’s bullish on the ad tech company. “We also see upside potential from the recent AdTech antitrust decision against Google. We believe TTD can recover…
Honeywell reported positive first-quarter results before the opening bell on Tuesday, sending shares up nearly 4% in premarket trading. Revenue in the three months ended March 31 rose 7.9% year over year to $9.82 billion, topping expectations of $9.59 billion, according to LSEG. Adjusted earnings per share (EPS) totaled $2.51, exceeding estimates of $2.21, LSEG data showed. On an annual basis, adjusted EPS increased 7.3%. The results exceeded management’s guidance across all metrics. That includes organic sales growth of 4% — well ahead of its flat-to-2% growth range — and flat segment margin compared with guidance of a modest decline.…
United Airlines Polaris lounge in ChicagoUnited AirlinesUnited Airlines’ top-tier airport lounge reopened in Chicago on Tuesday, featuring a 50% larger space and Crate & Barrel furnishings as carriers’ battle for higher-spending customers becomes more crucial.The 25,000-square-foot-Polaris lounge is in Terminal 1 at United’s home hub, Chicago O’Hare International Airport. It has seating for 350 passengers, six additional bathrooms, a second “speakeasy-style” bar and 50 seats for sit-down dining.United opened its first Polaris airport lounge in 2016 along with its new long-haul, business-class cabin of the same name. The lounge is reserved for customers flying internationally in the Polaris cabin, and…
Prime Minister Mark Carney led his Liberal Party to a narrow victory in Canada’s pivotal election on Monday, securing a fourth term in power for the party and a renewed mandate to lead the fight against President Trump over trade and the nation’s sovereignty.Mr. Carney, a former central banker who was running for office for the first time, struck a combative tone toward the United States during his acceptance speech in the early hours of Tuesday at a Liberal Party event in Ottawa.It was unclear whether the Liberals would win a majority of seats in the next House of Commons,…
Check out the companies making headlines in premarket trading. Spotify — The music streaming stock tumbled 5% after reporting first-quarter operating income of 509 million euros, while analysts polled by FactSet had penciled in 519.9 million euros. Spotify’s 4.2 billion euro revenue was in line with estimates, while its monthly active users of 678 million was in line with prior guidance. General Motors — Stock in the U.S. automaker slipped about 2% before the opening bell. General Motors surpassed Wall Street’s first-quarter estimates on the top and bottom line, but said it would reassess its full-year outlook due to President…
The Pfizer logo is seen outside the pharmaceutical company’s manufacturing plant, in Newbridge, Ireland February 10, 2025. Clodagh Kilcoyne | ReutersPfizer on Tuesday expanded its cost-cutting efforts and reported first-quarter profit that topped estimates, even as the company’s sales fell, largely due to dwindling revenue for its antiviral Covid pill Paxlovid.The company previously said its cost-cutting program would deliver overall net cost savings of roughly $4.5 billion by the end of 2025. On Tuesday, Pfizer said it now expects additional savings of roughly $1.2 billion, primarily in selling, informational and administrative expenses, by the end of 2027. The company said that will be…
After “a period of restriction,” JPMorgan is bullish again on Qualcomm . Analyst Samik Chatterjee reinstated his outlook on Qualcomm with an overweight rating. His price target of $185 per share suggests 25.3% upside potential from Monday’s close. JPMorgan previously held a not-rated designation on the company. “There are near-term concerns around the pull-forward of smartphone demand, both from the channel as well as by consumer upgrades, that are leading us to be cautious in relation to the near-term financials for the company,” Chatterjee wrote in a client note on Tuesday. However, “we remain convinced around the long-term opportunity for…
