Logo of Best Buy displayed outside a Best Buy store in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty ImagesBest Buy on Thursday missed quarterly revenue expectations and cut its full-year sales and profit guidance as higher tariffs increase the costs of many consumer electronics that it sells.For its fiscal 2026, the retailer said it now expects $41.1 billion to $41.9 billion of revenue, down from its previous range of $41.4 billion to $42.2 billion. It said it expects adjusted earnings per share to range from $6.15 to $6.30, which compares to prior guidance of…
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United Airlines has a new friend in Queens.The airline is returning to New York’s John F. Kennedy International Airport again, this time through a partnership with JetBlue Airways.The partnership, called Blue Sky, will allow JetBlue customers to earn frequent flyer miles on United and vice versa. It also includes reciprocal loyalty benefits like priority boarding and roomier seats for travelers with elite status.Some aspects of the partnership, which the carriers announced Thursday, will begin as early as the fall, though the airlines didn’t provide exact timing. They also did not provide financial details of the deal.JetBlue’s leaders have long said they need a…
“Trump Always Chickens Out,” or TACO, is a gibe that has ruffled the U.S. president’s feathers, and investors have, by now, seen it happening enough times to know his playbook. The phrase, coined by a Financial Times columnist, refers to Donald Trump’s pattern of threatening steep tariffs that rattle markets, only to ease or postpone them after a sharp market sell-off, prompting a recovery. “Trump’s style in negotiating deals is he huffs and he puffs, but he doesn’t blow the house down,” Ed Yardeni, president of Yardeni Research, told CNBC. In February, Trump announced a 25% tariff on imports from…
Nitat Termmee | Moment | Getty ImagesHow to tell if you have qualified business incomeThe QBI deduction applies to so-called pass-through businesses, which report profits or losses on individual tax returns.This includes partnerships and S-corporations, along with some trusts and estates. Sole proprietors, such as freelance, contract and gig economy workers, also qualify.For 2025, the tax break starts to phaseout when taxable income reaches $197,300 for single filers and $394,600 for married taxpayers filing jointly. The deduction can be reduced or eliminated completely, depending on your earnings and type of business (more on that below).For tax year 2022, the most…
Analysts liked what Nvidia had to say in its latest quarterly results . The artificial intelligence chip darling reported fiscal first-quarter earnings and revenue that beat analyst expectations. The company’s data center business led the charge, with sales soaring 73% year over year. Nvidia’s current quarter revenue guidance was also about in line with analyst estimates at $45 billion. That outlook would have been about $8 billion higher excluding lost sales from a recent restriction on exporting its H20 chips to China, the company added. Nvidia shares popped more than 6% in the premarket following the release. Other semiconductor stocks…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin retreats to $107,000 as cryptocurrencies pull back from recent highs. Plus, Vice President JD Vance delivers the keynote address to the Bitcoin 2025 conference in Las Vegas. And, Rep. Bryan Steil of Wisconsin breaks down the crypto legislative priorities for federal lawmakers.15:26Wed, May 28 20253:44 PM EDT Source link
Jensen Huang, co-founder and CEO of Nvidia, during the Computex conference in Taipei, Taiwan, on May 20, 2025.Annabelle Chih | Bloomberg | Getty ImagesNvidia shares jumped in premarket trading on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks.Shares of Nvidia were 5.22% higher at 05:06 a.m. ET after the company posted better-than-expected earnings and revenue on Wednesday, even as it took a hit from U.S. semiconductor export restrictions to China.Nvidia has been seen by investors as a bellwether for the broader semiconductor industry and artificial intelligence-related stocks, with its latest strong numbers sparking…
The logo of Japanese entertainment and electronics giant Sony is displayed at the company’s headquarters in Tokyo on May 14, 2025.Kazuhiro Nogi | Afp | Getty ImagesSony’s CEO said on Thursday the spin-off of the financial services arm will secure that business its own fundraising capabilities.”It is significant that, through the spin-off, Sony (Financial Group) will secure its own fundraising capabilities while continuing to use the Sony brand and collaborate with Sony Group,” Sony CEO Hiroki Totoki said at an investor day.Sony plans to distribute just over 80% of its shares to Sony Financial Group, which includes banking and insurance, to shareholders through dividends in kind.It is the first partial spin-off by a company in Japan with a direct listing – the first in Japan in more than two decades – set for…
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 edged down slightly Wednesday as investors awaited several major earnings reports after the bell, including quarterly results from Nvidia and Salesforce . The muted market action followed a strong S & P 500 rally on Tuesday, driven by President Donald Trump’s decision to postpone the 50% tariff on European Union imports that he had threatened the previous Friday. Exiting TAVR : Boston Scientific announced in a filing Wednesday that…
Peter Kazimir, governor of Slovakia’s central bank, attending a press conference in Bratislava in 2016.Tomas Benedikovic | Afp | Getty ImagesA Slovak court ruled on Thursday that central bank governor and European Central Bank policymaker Peter Kazimir is guilty of corruption, a judge said.The Specialised Criminal Court ruled Kazimir must pay a 200,000 euro ($225,620) fine, or face a one-year prison sentence, Judge Milan Cisarik said.The verdict can be appealed and therefore does not force Kazimir out of office.Kazimir, who is a member of the ECB’s rate-setting governing council, did not attend the ruling while on a business trip to…
