BRUSSELS, BELGIUM – DECEMBER 18: President of the EU Council Antonio Luis Santos da Costa talks to media (Photo by Thierry Monasse/Getty Images)Thierry Monasse | Getty Images News | Getty ImagesNATO’s agreement to more than double allies’ defense spending targets will rebalance Europe’s trade relations with the U.S. and see the region buy more American weaponry, European Union Council President Antonio Costa told CNBC on Friday.Earlier this week, NATO allies agreed to more than double their defense spending target from 2% of gross domestic product to 5% by 2035.The move has solved the main trade-related issue between Europe and the…
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Check out the companies making headlines before the bell. Nike — Shares of the sneaker giant jumped 10% after Nike posted fiscal fourth-quarter results that beat expectations and said it expects profit and sales declines to moderate in the future. Nike said it has already taken its biggest financial hit from its turnaround efforts, and it expects tariffs to cost it roughly $1 billion, prior to any offsets from implementing price hikes and supply chain tweaks to mitigate that amount. HSBC upgraded Nike to buy from hold on the back of its results. Trade Desk — The ad tech stock…
Here are Friday’s biggest calls on Wall Street: Rothschild & Co. Redburn upgrades Boeing to buy from neutral The firm said “things seem to be taking a more positive turn for Boeing and the company appears healthier.” “We upgrade the stock to Buy (from Neutral) given the upside suggested by our new target price of $275 per share (versus $180 previously).” Canaccord downgrades Uber to hold from buy After a change in analyst coverage, the firm downgraded both stocks on concerns about autonomous vehicles. “The future could be bright: value added in the AV world through hybrid human-robot networks, strong…
The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones consensus. Source link
Aerial view of the headquarters of Contemporary Amperex Technology Co., Limited (CATL) on February 6, 2025 in Ningde, Fujian Province of China.Vcg | Visual China Group | Getty ImagesThe world’s largest electric vehicle (EV) is going all-in on international expansion and could shake up the EV market in the process with its battery-swapping tech rollout. China’s Contemporary Amperex Technology Co. Ltd. (CATL) is a key player in the global transition to more sustainable transport, with a market share in the EV sector of roughly 38%. CATL’s clients include global players like Tesla, Volkswagen and BMW, with the firm boasting technology…
Nike is poised to see even more gains following its better-than-expected results for the fiscal fourth quarter, HSBC said on Friday. The firm upgraded the sneaker giant to buy from hold, marking its first buy rating on the stock in three and a half years. It also raised its price target on the name by $20 to $80, which implies about 28% upside from Thursday’s close. This comes as shares surged more than 9% in the premarket Friday after Nike beat analyst expectations on the top and bottom lines. While the company said that President Donald Trump’s tariffs are anticipated…
In this photo illustration, the DeepSeek logo is seen displayed on a smartphone screen and in the background, the flag of the European Union. Thomas Fuller | Sopa Images | Lightrocket | Getty ImagesOne of Germany’s data protection watchdogs on Friday said DeepSeek’s app illegally sends user data to China and asked Google and Apple to consider blocking the artificial intelligence service.Berlin’s data protection commissioner Meike Kamp said in a statement that DeepSeek’s transfer of German user data to China is “unlawful.” There is not a readily available way to get in touch with DeepSeek. CNBC has reached out to…
Wendy Kopp grew up as a member of “the me generation,” during a period of time when she says young, highly educated Americans were “convinced that we all wanted to go to work on Wall Street.”But that ideology didn’t resonate with Kopp, who graduated from Princeton University in 1989.When firms were trying to recruit graduates who could commit two years to work at their firm, Kopp asked herself, “Why aren’t we being as aggressively recruited to commit just two years to teach in our country?” She became heavily invested in answering that question.”It’s a big, complex, systemic challenge, and we know…
Anna Wintour attends the 2022 Met Gala celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 02, 2022 in New York City. Noam Galai | Gc Images | Getty ImagesAmerican Vogue is set to hire a new head of editorial content, a function held by Anna Wintour for decades.Wintour told the team that the magazine would seek a head of editorial content at Vogue U.S., but she would stay at Condé Nast, a company spokesperson told NBC News. She will remain chief content officer for Condé Nast and global editorial director at Vogue.The company…
Hotels want guests to feel at home — but some take it too far, according to a Hotels.com survey.The survey results, published by Expedia in March, showed that the most frowned upon behavior was walking around barefoot, with 94% of respondents deeming it inappropriate.A close second is wearing hotel robes in the lobby (92%), followed by public displays of affection in the pool (86%), according to the survey.Some hotels deal with these behaviors by providing subtle cues instead of a heavy-handed approach.”I believe customers will follow the lead if you and your staff are being respectful [and] discreet,” said Reem…
