People walk past the entrance of a Gap store in Paris, France, July 1, 2021. Sarah Meyssonnier | ReutersGap said new tariffs could impact its business by $100 million to $150 million, if they remain in effect, the company said Thursday when announcing fiscal first-quarter earnings. Shares fell more than 15% in after-hours trading.In a news release, Gap said new 30% duties on imports from China and a 10% levy on imports from most other countries will cost the company between $250 million to $300 million without mitigation efforts. For now, it’s leaving that impact out of its guidance. The company said…
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A Dell Technologies sign is seen in Round Rock, Texas, on June 2, 2023.Brandon Bell | Getty ImagesShares of Dell Technologies rose on Thursday in extended trading after the company raised its full-year earnings forecast and issued a stronger-than-expected forecast for the current quarter.However, Dell’s adjusted earnings per share came up short versus LSEG estimates on in-line revenue.Here’s how the computer maker did versus LSEG consensus estimates:Earnings per share: $1.55 adjusted vs. $1.69 estimatedRevenue: $23.38 billion vs. $23.14 billion estimatedDell said it expects $2.25 in adjusted earnings per share for the current quarter, with between $28.5 billion and $29.5 billion…
US Vice President JD Vance attends a meeting of the White House Task Force on the FIFA World Cup 2026, in the East Room of the White house in Washington, DC, on May 6, 2025. The soccer world championship will take place from June 11 to July 19, 2026, and will be hosted by the US, Canada and Mexico. Jim Watson | Afp | Getty ImagesPresident Donald Trump’s administration has emerged as a staunch defender of Alternative for Germany, a political party with Nazi echoes that has risen in popularity — and that German intelligence officials recently classified as a “proven right-wing…
Crypto’s stablecoin sector is becoming increasingly attractive to traditional financial services players, something that could have big implications for payments stocks, according to Wells Fargo. Stablecoins are cryptocurrencies whose values are pegged to that of another asset, usually the dollar. They are designed to bring the stability of traditional currencies to blockchain networks (praised for the speed and efficiency they provide money transfers). Traditionally used as bridge currencies for crypto traders, banks and payment firms are becoming interested in them as the Trump administration rolls back restrictive Biden-era crypto policies and Congress makes progress on passing stablecoin legislation by August.…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks rose modestly Thursday but were well off their highest levels of the session. The strong quarter from Club name Nvidia is lifting the broader artificial intelligence trade. As we explained in our earnings commentary Wednesday night, four positive developments have gone Nvidia’s way since its annual GTC event in March, fueling additional momentum in its business. The market also got a brief boost after the U.S. Court of International…
A federal appeals court on Thursday granted the Trump administration’s request to temporarily pause a lower-court ruling that struck down most of President Donald Trump’s tariffs.The Trump administration had earlier told the U.S. Court of Appeals for the Federal Circuit that it would seek “emergency relief” from the Supreme Court as soon as Friday if the tariff ruling was not quickly put on pause.The judgment issued Wednesday night by the U.S. Court of International Trade is “temporarily stayed until further notice while this court considers the motions papers,” the appeals court said in its order.The pause gives the Trump administration…
Check out the companies making headlines in Thursday trading. Salesforce — The customer relations management software maker’s shares traded 5% lower on Thursday after the company posted its latest quarterly results. RBC Capital Markets downgraded the stock, citing execution risks if the company continues acquiring. Salesforce did beat fiscal first-quarter estimates and raised its full-year outlook, and posted results a day after announcing plans to acquire data management company Informatica. C3.ai — Shares of the enterprise artificial intelligence company surged 23% after C3.ai reported strong results for its fiscal fourth quarter. The company posted a narrower-than-expected loss of 16 cents per…
While energy has become a chronic underperformer in 2025, there are several infrastructure plays within the sector that are demonstrating much more constructive technical configurations as we near the end of May. Today we’ll examine how Williams Companies (WMB) may be preparing for a “big base breakout” pattern with significant upside potential. The daily chart of WMB shows how the stock was in a clear accumulation phase for most of 2024, rising from a February 2024 low around $35 to reach just over $60 by November. From that point on, the chart settled into a consolidation phase with support around…
Sassine Ghazi, CEO of semiconductor design software firm Synopsys, explains the company’s plans to have artificial intelligence take over parts of designing computer chips at the company’s annual user conference in Santa Clara, California, on March 19, 2025.Stephen Nellis | ReutersSynopsys pulled its guidance for the full fiscal year on Thursday, citing a letter it received from the U.S. Commerce Department on restrictions of sales of its products in China. The stock dropped about 3%.The announcement comes one day after Synopsys CEO Sassine Ghazi disputed a report that the White House told the company, as well as rivals Cadence and…
Palmer Luckey, Founder @ Oculus VR Andutil Industries, during day two of Collision 2019 at Enercare Center in Toronto, Canada.Stephen McCarthy | Sportsfile | Getty ImagesMeta and Anduril, the defense-tech startup founded by Palmer Luckey, announced Thursday that they’ve formed a partnership to create virtual and augmented reality devices intended for use by the U.S. army.The partnership represents a major step by Meta to supply cutting-edge technology to the government in addition to working once again with Luckey, who sold his Oculus VR startup to the social media company for $2 billion in 2014.Luckey and Meta had an acrimonious split,…
