People walk past a Coach store on Madison Avenue in New York. Carlo Allegri | ReutersShares of Coach and Kate Spade parent Tapestry plunged Thursday after the company said tariffs will bite into its profits even as sales grow.The handbag, shoe and accessory maker said costs from higher duties will total $160 million for its coming fiscal year and drag on its profits. It said it expects full-year fiscal 2026 earnings of $5.30 to $5.45 per share, while analysts polled by FactSet were looking for $5.49.On the company’s earnings call, Chief Financial Officer Scott Roe said sales trends have been…
Author: usaeverydaylife
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — Computer assisted design (CAD) is one of the most critical software niches in most industries, turning out finished products, from aerospace and defense to iPhones and laptops, tractors and skyscrapers. If it’s built in the physical world, it’s likely to be built with CAD assisting the designers during the process. Many investors are familiar with Autodesk, the largest player in the space, but we’re going to tell you about a competitor whose stock has recently been…
Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc.Scott Eelis | Bloomberg | Getty ImagesPalantir’s astronomical rise since its public debut on the New York Stock Exchange in a 2020 direct listing has been nothing short of a whirlwind.Over nearly five years, the Denver-based company, whose cofounders include renowned venture capitalist Peter Thiel and current CEO Alex Karp, has surged more than 1,700%. At the same time, its valuation has broken new highs, dwarfing some of the world’s technology behemoths with far greater revenues.The artificial intelligence-powered software company continued its ascent last week after posting its first quarter…
U.S. Attorney General Pam Bondi speaks next to U.S. President Donald Trump during a press conference about deploying federal law enforcement agents in Washington to bolster the local police presence, in the Press Briefing Room at the White House, in Washington D.C., U.S., August 11, 2025. Jonathan Ernst | ReutersThe man facing a felony federal assault charge for allegedly chucking a Subway sandwich at a U.S. Customs and Border Protection agent in Washington, D.C., was an employee at the Department of Justice, Attorney General Pam Bondi said Thursday.The man, identified in court documents as Sean Charles Dunn, has been fired,…
Warren Buffett has a secret. In recent quarters, Berkshire Hathaway ‘s 13F has hinted at a position it’s building under confidential treatment. Clues in the company’s 10Q filings point many observers to an industrial name, with the stake approaching $5 billion. Combined with Buffett’s well-known preference for sturdy companies with deep moats, that’s prompted guesses like Lockheed Martin , AO Smith or Huntington Ingalls . CNBC decided to toss the question to the bots. We fed several leading AI models the same prompt, told them to ignore market chatter and to rely only on Berkshire’s filings and Buffett’s investing playbook.…
Economist Marc Sumerlin, one of nearly a dozen reported contenders for Federal Reserve chair, said Thursday he’d be interested in the job and believes an aggressive interest rate cut would be appropriate.Sumerlin, a former senior economist under then-President George W. Bush, said on CNBC that lowering the Fed’s key rate would be an easy decision now.The current yield structure combined with weakness in the labor market and stable inflation “tells us that we could easily do a 50 basis point cut … without disrupting anything at all. So it seems like pretty much a no-brainer to me.” A basis point…
Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference (WWDC) at Apple Park campus in Cupertino, California, US, on Monday, June 9, 2025. David Paul Morris | Bloomberg | Getty ImagesApple on Thursday announced a redesigned blood oxygen feature for some Apple Watch users, following a years-long intellectual property dispute over the capability.Apple said the redesigned feature is coming to some Apple Watch Series 9, Series 10, and Apple Watch Ultra 2 users on Thursday. The update was possible because of a recent U.S. Customs ruling, the company said.In 2023, the International Trade Commission found…
Little-known chipmaker SiTime could be the next big name in the semiconductor universe, according to UBS. Analyst Timothy Arcuri initiated coverage of the company with a buy rating and $260 price target, which indicates about 20% upside ahead. Arcuri thinks SiTime is a leading precision timing company, which in the semiconductor industry refers to devices that generate and control signals needed for electronic circuits. These are vital for the operation, data transmission and other actions in semis. “With new silicon based solutions, SiTime is disrupting the timing market – the “heartbeat” of the electronics world – and we believe will…
Paramount Skydance shares have quickly turned into the mecca for momentum-driven retail traders who piled into the stock on hype around UFC matches, according to Don Bilson, head of event-driven research at Gordon Haskett. The stock with the ticker PSKY started trading last Friday after Paramount Global’s merger with Skydance Media finalized. On Wednesday, six days since its debut, shares skyrocketed 37% to become the top-performer in the S & P 500 that day. PSKY 5D mountain Paramount Skydance (PSKY) shares in the past five days “Congratulations are in order this morning for Shari Redstone, David Ellison, the old Paramount…
Digital render of NEOM’s The Line project in Saudi ArabiaThe Line, NEOMSaudi Arabia’s mammoth sovereign wealth fund saw a major decline in investments in its so-called “gigaprojects,” amounting to an $8 billion write-down at the end of 2024 — despite assets under management reaching nearly $1 trillion, according to its annual report.Gigaproject investments declined by 12.4% to 211 billion Saudi riyal ($56.2 billion). Meanwhile, assets overseen by the PIF climbed 19% from the end of 2023 to around $913 billion, making it one of the largest and fastest-growing sovereign wealth funds on the planet. The gigaprojects, which include the futuristic…
