The U.S. pushing back many of the tariffs announced earlier this year will help Wall Street through the end of the year, according to Wells Fargo. The bank’s Investment Institute raised its year-end S & P 500 target range to 6,300-6,500 — putting the midpoint at 6,400. Strategist Darrell Cronk previously expected the benchmark to end 2025 between 5,900 and 6,100. “We believe delayed tariff increases will mitigate this year’s U.S. economic growth slowdown and extend the soft patch into early 2026. This should dilute positive impacts from frontloaded tax cuts and deregulation during the first part of next year.…
Author: usaeverydaylife
The City of London skyline at sunset.Gary Yeowell | Digitalvision | Getty ImagesThe bosses of Britain’s biggest listed companies took home record salaries in the latest financial year, according to a new report.Median pay among FTSE 100 chief executive officers was £4.58 million ($6.2 million) in the year to March 31, the High Pay Centre found — up from £4.29 million in the 2023-2024 financial year and the highest figure since companies have been required to disclose a single figure for CEO pay, in 2013.Mean bonus payments meanwhile increase to £1.61 million from £1.48 million, the think tank said.CNBC has…
Brazilian President Luiz Inacio Lula da Silva and China’s Great Wall Motor (GWM) CEO Mu Feng attend the opening of the GWM automobile factory on August 15, 2025, in Sao Paulo, Brazil. China News Service | China News Service | Getty ImagesBEIJING — Chinese electric car companies are increasing investments in overseas factories as they ramp up competition against Tesla and other global automakers.For the first time since records going back to 2014, the Chinese electric car supply chain last year invested more outside the country than at home, according to a U.S.-based consulting firm Rhodium Group report published Monday.The…
Check out the companies making headlines in premarket trading. Dayforce — The software stock surged more than 24% after people familiar with the matter told Bloomberg that Thoma Bravo is currently engaged in talks to acquire Dayforce and could do so in the coming weeks. Sunrun — Stock in the solar panel company gained 4%. RBC Capital Markets upgraded Sunrun to outperform , with analyst Christopher Dendrinos noting recent guidance from the Treasury Department describing how renewable projects might qualify for tax benefits under President Donald Trump’s tax bill as a potential catalyst. Soho House — Shares jumped more than…
Here are the biggest calls on Wall Street on Monday: Goldman Sachs initiates Carlsmed as buy Goldman says it sees an attractive risk/reward for the medtech company. “We initiate coverage on the shares of Carlsmed (CARL) with a Buy rating and a 12-month price target of $19, representing ~40% upside potential.” Goldman initiates McGraw Hill as buy Goldman says it’s bullish on shares of the education solutions company. “We initiate coverage of McGraw Hill (MH) with a Buy rating and $27, 12-month price target.” Loop upgrades ServiceTitan to buy from hold Loop says the contracting services software company is a…
Lenoir City, Tennessee, Electrical transmission equipment at the Fort Loudoun Dam, operated by the Tennessee Valley Authority. Jim West | UCG | Universal Images Group | Getty ImagesAlphabet’s Google and Kairos Power will deploy an advanced nuclear plant connected to the Tennessee Valley Authority’s electric grid by 2030, the companies announced on Monday.TVA has agreed to purchase up to 50 megawatts of power from Kairos’ Hermes 2 reactor. It is the first utility in the U.S. to sign a power purchase agreement with an advanced reactor like Hermes 2, according to the companies.Hermes 2 is the first deployment under an…
A group of activists criticizing Elon Musk and Tesla’s policies hold a protest outside a Tesla dealership in London’s Park Royal district, on April 12, 2025 in United Kingdom.Anadolu | Anadolu | Getty ImagesU.S. electric vehicle maker Tesla has sharply cut its monthly lease fee for British motorists to boost weakening demand, The Times reported on Monday, citing industry sources.The British newspaper reported that Elon Musk’s company was forced to offer discounts of up to 40% to U.K. car leasing companies, noting a lack of storage space nationwide for Tesla vehicles.CNBC could not independently verify the report, and a Tesla…
Martin Barraud | OJO Images | Getty ImagesThe so-called “great resignation” has become the “great stay.” But experts say workers aren’t just staying — they’re “job hugging.”Job hugging is the act of holding onto a job “for dear life,” consultants at Korn Ferry, an organizational consulting firm, wrote this week.Such clinging is a stark contrast from the historic rate of job hopping that workers exhibited in 2021 and 2022, but makes sense given current labor market trends.”There is this stagnation in the labor market, where the hires, quits and layoff rates are low,” said Laura Ullrich, the director of economic…
Morgan Stanley reiterated its bullishness on shares of Nvidia ahead of the graphic processing unit designer’s next earnings release on Aug. 27. The bank maintained its overweight rating on the stock, while raising its price target to $206 from $200. This updated forecast implies that shares could rise 14% from their Friday close. Shares of Nvidia have jumped 34% this year. NVDA YTD mountain NVDA YTD chart “Expectations have risen ahead of Nvidia’s earnings, and we think rightfully so. We expect a strong quarter and outlook, but we’re a little measured on the current quarter — our optimism centers on…
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin’s price this year.STR | Nurphoto via Getty ImagesThe crypto market tumbled to begin the week as heightened macro concerns triggered more than $500 million in forced selling of long positions.The price of bitcoin was last lower by 2% at $115,255.70, after touching a new all-time high last week – its fourth one this year – at $124,496. At one point, it fell as low as $114,706. Ether slid 4% to $4,283.15 after coming within spitting distance of its roughly $4,800 record last…
