ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailAnthony Malkin, Empire State Realty Trust CEO, joins ‘The Exchange’ to discuss the state of REITs, the shares falling on lower international demand and New York City Democratic Mayoral candidate Mamdani’s potential impact on real estate in the city. Source link
Author: usaeverydaylife
Alphabet’s strong earnings report seems to be quashing any fears on Wall Street that the artificial intelligence trade has peaked. The Google parent’s second-quarter results — released on Wednesday afternoon — painted a healthy picture of the tech stalwart’s current AI ambitions. Back in February, the company forecast it would invest an expected $75 billion in capital expenditures this year as builds out its AI offerings. But on Wednesday, the company upped this figure to $85 billion, justifying this increase by pointing to “strong and growing demand for our Cloud products and services.” Boosted by Alphabet’s positive second-quarter earnings, chip…
Sandal maker Birkenstock is an attractive play with a long-term growth profile, according to Goldman Sachs. Analyst Louise Singlehurst upgraded the company’s shares to buy from neutral and kept her 12-month price target of $60, which suggests the stock can jump 18% from its latest close. “In terms of valuation, the recent relative softness versus the footwear/lifestyle peers provides an opportunity to revisit the investment thesis,” Singlehurst said in a note to clients. “Whilst we acknowledge uncertainty remains over the tariff environment … this presents an attractive entry point.” Shares of Birkenstock are down nearly 8% year to date amid…
CNBC’s Phil LeBeau with Alaska Airlines CEO Ben Minicucci, join ‘The Exchange’ to discuss Q2 earnings, the recent IT outage and booking demand. Source link
Apple announces a new design language for its operating systems called “Liquid Glass” during the annual Apple “Worldwide Developers Conference” (WWDC) at Apple Park, the corporate headquarters of Apple Inc., in Cupertino, California on June 9, 2025.Josh Edelson | AFP | Getty ImagesApple released the public beta preview version of its next iPhone operating system, called iOS 26.This software release on Thursday means that members of the public with recent iPhones can preview how the device’s interface will change in the fall when the software is formally released and pushed to users.To try out iOS 26, iPhone users in the…
Check out the companies making headlines in midday trading: Union Pacific , Norfolk Southern — Union Pacific said it was in advanced talks about a potential combination with Norfolk Southern, which would create the largest U.S. railroad. Union Pacific shares fell almost 3%, while Norfolk Southern slipped less than 1%. CSX — Shares rose less than 1% after talks between rival railroad operators stoked deal speculation. The company’s CEO Joseph Hinrichs said in an interview that he was open to “all possibilities.” IBM — The tech stock fell 7% after the company reported disappointing revenue at its software business. While…
Wall Street analysts scrambled to keep up with GE Vernova this week, dramatically hiking their stock price targets after the power company’s shares blew past expectations on a strong second quarter. Its shares rallied more than 14% on Wednesday to close at an all-time high, after raising its full-year guidance as robust power demand blunts the effect of President Donald Trump’s tariffs. Its stock nearly doubled this year to book the second-best performance in the S & P 500. “Given what we viewed as elevated expectations ahead of GEV’s 2Q25 earnings, we are somewhat surprised in the strength of GEV…
Commerce Secretary Howard Lutnick said Thursday that American auto CEOs told him they are “cool with” President Donald Trump’s new trade deal, which could put lower tariffs on cars imported from Japan than on cars made by U.S. companies in Canada and Mexico.Lutnick brushed off complaints from a group representing General Motors, Ford and Stellantis that Trump’s plan could give Japanese automakers an advantage over the “Big Three” Detroit car companies.”Oh my God, that’s just so silly,” Lutnick said on CNBC’s “Squawk on the Street” after being asked about criticism by the American Automotive Policy Council.Trump on Tuesday announced an agreement that would…
Elon Musk receives a golden key from U.S. President Donald Trump in the Oval Office at the White House in Washington, D.C., U.S., May 30, 2025. REUTERS/Nathan HowardNathan Howard | ReutersPresident Donald Trump on Thursday denied claims that he wants to wreck Elon Musk’s companies and their work with the U.S. government.”Everyone is stating that I will destroy Elon’s companies by taking away some, if not all, of the large scale subsidies he receives from the U.S. Government,” he said in a post to Truth Social. “This is not so! I want Elon, and all businesses within our Country, to…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — In 1973, The Chicago Board of Trade launched a subsidiary that would allow traders to place bets on a new standardized contract based on stock prices. These contracts, similar to but separate from the CBOT’s bread-and-butter commodity futures products, were called options. They carved out a single trading pit on the floor for these stock option contracts and standardized how they worked. At first, there were options on just sixteen publicly traded companies, like IBM. In…
