A potential extension of a tariff pause between the United States and China will not be agreed to until President Donald Trump signs off on the plan, U.S. negotiators said Tuesday.Trump “has final say on all the trade deals” and the pending tariff truce, Treasury Secretary Scott Bessent told CNBC’s Eamon Javers.The remarks came after top trade officials for the two countries concluded talks in Stockholm, Sweden, their third round of high-level discussions since May.”We’re going to head back to Washington, D.C. We’re going to talk to the president about whether that’s something that he wants so do,” U.S. Trade…
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United Airline flight attendants picketed outside Terminal B at Logan Airport Thursday morning seeking a new contract.John Tlumacki | Boston Globe | Getty ImagesUnited Airlines flight attendants voted down a new labor contract that called for immediate raises of at least 26% and other quality-of-life improvements, their union said Tuesday.The flight attendants’ last raise was in 2020. Their union, the Association of Flight Attendants-CWA, and the airline had reached a tentative agreement in May.U.S. flight attendants have pushed for wage increases for years. Flight attendants at other airlines, pilots and and other work groups secured new labor deals in the wake…
Starbucks is slated to release fiscal third-quarter results after the stock market’s closing bell Tuesday, and most analysts are adopting a sentiment somewhere between apprehension and cautious optimism as the coffee giant tries to right the ship. An LSEG survey shows analysts, on average, anticipate that the coffee chain will earn 65 cents per share, or a slump of 30% from a year ago. On the other hand, Starbucks’ expected revenue of $9.31 billion could mark year-over-year growth of 2.1%. Starbucks disappointed investors in its fiscal second quarter as adjusted earnings of 41 cents per share on revenue of $8.76…
Even with home sales at a historic low, prices continue to rise — adding hundreds of dollars to monthly payments so far in 2025.In June, the median price for an existing home in the U.S. reached a record high of $435,300, according to the National Association of Realtors. That’s up 2% from a year ago and marks the 24th straight month of annual price growth.While more homes are being built, “multiple years of undersupply are driving the record high home price,” says Lawrence Yun, NAR’s chief economist, in a blog post about the data. “Home construction continues to lag population…
Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City, U.S., March 25, 2025. Jeenah Moon | ReutersCyberArk shares soared as much as 18% on Tuesday after The Wall Street Journal reported that cybersecurity provider Palo Alto Networks has held discussions to buy the identity management software maker for over $20 billion.Cloud security is becoming an increasingly critical piece of the enterprise tech stack, especially as rapid advancements in artificial intelligence bring with them a whole new set of threats, and as ransomware attacks become more commonplace.Founded in 2005,…
A Gucci logo is displayed at their store on May 30, 2025 in Washington, DC.Kevin Carter | Getty Images News | Getty ImagesGucci-owner Kering on Tuesday posted worse-than-feared second-quarter results and flagged ongoing geopolitical uncertainty as woes persist at the beleaguered luxury group.Sales at the high-end fashion house dropped 15% year-on-year on a comparable basis to 3.7 billion euros ($4.27 billion), compared to the the 3.96 billion euros forecast by LSEG analysts.Gucci sales, which typically make up nearly half of total group revenues, plunged 25% over the quarter to 1.46 billion euros.Chairman and CEO François-Henri Pinault acknowledged the results as disappointing,…
Investors wanting to get in early on the emerging space of quantum computing might want to consider D-Wave and IonQ , according to Rosenblatt analyst Kevin Garrigan. He initiated the two quantum computing stocks with buy ratings and a price target of $30 for D-Wave and $70 for IonQ. Those predictions imply gains of about 64% or more for both stocks from their latest close. “Quantum computing promises to solve certain classes of problems that are intractable for even the most advanced classical supercomputers,” Garrigan wrote in a Monday note to clients. “While widespread quantum advantage is still several years…
After Whirlpool slashed its dividend post-market Monday, investors are on high alert for other companies that could follow suit. CNBC Pro has some names to keep an eye on. The Michigan-based appliance maker expect to cut its annual payout payout to $3.60 per share from $7. Whirlpool also posted a disappointing second-quarter earnings report, which sent shares plunging as much as 14% Tuesday. Whirlpool’s move can raise concern that some companies will need to pull back shareholder dividends as macroeconomic uncertainty and tariffs weigh on their business. Given that, CNBC Pro screened the companies in the S & P 1500…
These are some of the stocks posting the largest moves midday. Source link
Despite posting strong numbers — with revenue up 16% and full-year guidance raised — Netflix (NFLX) has taken a surprising hit, sliding 8% over the past 11 trading days. When a fundamentally solid stock like this pulls back hard, it tends to raise eyebrows. And for mean reversion traders, that’s exactly the kind of set-up that gets us interested. The key question, though, is how do you know when the selling has run its course? Just because a stock drops doesn’t make it an automatic buy — the trick is identifying the turning point with some degree of confidence. That’s…
