Instacart celebrates their IPO at the Nasdaq on Sept. 19th, 2023.Courtesy: NasdaqInstacart on Wednesday appointed business chief Chris Rogers as its new CEO, less than a month after OpenAI announced CEO Fidji Simo as its new head of applications.Shares were flat.Rogers, who joined Instacart in 2019, will start Aug. 15 and join the board of directors. Simo will retain her chair position to “smooth the transition,” the company said.”Over the last four years, we’ve transformed Instacart into a growing, profitable, leading technology platform that’s helping reshape the grocery industry,” Simo said in a release. “We’re building a generational company at…
Author: usaeverydaylife
U.S. President Donald Trump and Tesla CEO Elon Musk, alongside Musk’s son X Æ A-Xii, speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House in Washington, D.C., on March 11, 2025.Mandel Ngan | AFP | Getty ImagesElon Musk criticized the Republican spending bill that recently made it through a House vote, saying it counters the work he’s been doing to reduce wasteful government spending.In an interview to be aired June 1 on “CBS Sunday Morning,” the richest man in the world and the head of the Department of Government…
Check out the companies making headlines in premarket trading. Macy’s — The department store added more than 2% after the company reported earnings that beat estimates . Macy’s also slashed its profit outlook as a result of higher tariffs and more aggressive company promotions. Okta — The identity management software firm pulled back about 10% after standing by its guidance, citing macroeconomic uncertainty. The company did beat fiscal first-quarter expectations on the top and bottom line, however. Freshpet — The pet food stock dipped nearly 2% following a downgrade to hold from buy at TD Cowen. The investment firm said…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) AI is dominating the Wall Street conversation Wednesday as trade war fears recede. Investors were discussing three ways to play AI amid two big earnings reports from major tech companies leading the trend. Nvidia after the bell Nvidia reports after the bell, the options market is implying a 7.5% move in either direction after earnings. Ross Mayfield of Baird is bullish on the report and expects it to give a boost to other…
Attendees view a Joby Aviation electric vertical take-off and landing (eVTOL) aircraft during an event at Edwards Air Force Base in Edwards, California, US, on Monday, Sept. 25, 2023. Air taxi start-up Joby Aviation Inc. today announced it has delivered its first eVTOL to the US Air Force. Bloomberg | Bloomberg | Getty ImagesJoby Aviation shares jumped 13% Wednesday after the maker of electric air taxis said it received $250 million from Toyota.The payment is part of a previously announced deal from the carmaker to invest $500 million in the company to support certification and commercial production of its electric air…
A Abercrombie & Fitch store is seen on April 09, 2025 in New York City. Michael M. Santiago | Getty ImagesShares of Abercrombie & Fitch soared on Wednesday, even after the retailer slashed its profit outlook due to tariffs, which are expected to hit its business by $50 million. The company is now expecting full year earnings per share to be between $9.50 and $10.50, down from a previous range of between $10.40 and $11.40. Analysts were expecting earnings of $10.33 a share, according to LSEG. In addition, Abercrombie raised the top end of its 2025 revenue outlook, as it now anticipates net…
A sign is posted in front of a Dick’s Sporting Goods store on September 04, 2024 in Daly City, California. Justin Sullivan | Getty ImagesDick’s Sporting Goods said Wednesday it’s standing by its full-year guidance, which includes the expected impact from all tariffs currently in effect.The sporting goods giant said it’s expecting earnings per share to be between $13.80 and $14.40 in fiscal 2025 — in line with the $14.29 that analysts had expected, according to LSEG. It’s expecting revenue to be between $13.6 billion and $13.9 billion, which is also in line with expectations of $13.9 billion, according to LSEG.”We are…
Here are Wednesday’s biggest calls on Wall Street: Truist initiates Teva as buy Truist said Teva is best positioned to “rival” big pharma. “We initiate coverage on TEVA ahead of its upcoming investor day with a BUY rating and $25 PT.” UBS reiterates Apple as neutral UBS said its checks show an “uptick” in foot traffic following the tariff announcements. “Following the announcements of US imposed tariffs across China and Southeast Asia in early April, anecdotal iPhone checks indicated an uptick in foot traffic in Apple stores and other smartphone point of sale outlets like Best Buy and telecom operator…
A general view of the GameStop logo on one of its stores in the city center of Cologne, Germany.Ying Tang | Nurphoto | Getty ImagesGameStop said Wednesday it has officially bought 4,710 bitcoins, worth more than half a billion dollars, as the video game retailer began its crypto purchasing plan in a similar move made famous by MicroStrategy.The purchase, its first investment in bitcoin, was worth $512.6 million with bitcoin’s price of $108,837 Wednesday. The world’s largest cryptocurrency has been on a tear lately, hitting a record high near $112,000 last week, as easing trade tensions and the Moody’s downgrade of U.S. sovereign…
Girl Child Putting a Coin in a Piggy Bank.Natalia Lebedinskaia | Moment | Getty ImagesMost people begin saving for retirement when they start full-time jobs — but primary school kids in Germany could get an early start.The country’s new government has made plans to introduce a so-called early start pension, setting up kids as young as six years of age with a retirement pot. Under the new plan, 6-18-year-olds who visit educational institutions could receive 10 euros ($11) each month from the government — coming to a total of 1,440 euros per kid across 12 years of eligibility, plus any…
