Check out the companies making headlines in premarket trading. Li Auto — Shares fell about 2% following JPMorgan’s downgrade of the Chinese electric vehicle company to neutral. Analyst Nick Lai cited stiff competition as a reason for caution. Tapestry — The Coach New York and Kate Spade parent sank more than 10% after its full-year outlook missed analyst estimates. Tapestry forecast full-year earnings of $5.30 to $5.45 per share, while analysts polled by FactSet were looking for $5.49. Deere — The farm equipment maker dropped about 6% after Deere trimmed the top end of its full-year outlook. The Moline, Illinois-based…
Author: usaeverydaylife
A Klarna advertisement at the Metro Center metro station in Washington, DC, US, on Tuesday, June 3, 2025. Stefani Reynolds | Bloomberg | Getty ImagesSwedish fintech Klarna, which in April paused plans for an initial public offering in the United States, said on Thursday its second-quarter revenue grew 20% from a year ago on a like-for-like basis while adjusted profits increased slightly.Klarna’s April-June revenue grew to $823 million in the quarter, while its adjusted operating profit stood at $29 million, an increase of $1 million from the same quarter of last year, its earnings report showed.The number of active Klarna…
(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.) Traders looked at signs of the market rally broadening outside of the megacap tech names. Plus, a new way of playing artificial intelligence. Worldwide Exchange Pick: Aecom Kevin Mahn of Hennion & Walsh sees Aecom as a “picks and shovel” play for the AI trade. “I always follow the adage of ‘follow the money’ we continue to see companies announcing tens of billions of dollars of investment into AI infrastructure,” Mahn said. “Who…
Wholesale prices rose far more than expected in July, providing a potential sign that inflation is still a threat to the U.S. economy, a Bureau of Labor Statistics report Thursday showed.The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared to the Dow Jones estimate for a 0.2% gain. It was the biggest monthly gain since June 2022.Excluding food and energy prices, core PPI rose 0.9% against the forecast for 0.3%. Excluding food, energy and trade services, the index was up 0.6%, the biggest gain since March 2022.On an annual basis, headline…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTransportation Secretary and Acting NASA Administrator Sean Duffy joins ‘Squawk Box’ to discuss upgrades to air traffic control system, increasing the number of air traffic controllers, his thoughts on the job performance of his predecessor, enabling competition in the commercial space industry, and more. Source link
Hello, this is Amala Balakrishner, writing from Singapore. This week, I look at how India’s wealthy are anchoring their fortunes in real estate. Enjoy!This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.Each weekday, CNBC’s “Inside India” news show gives you news and market commentary on the emerging powerhouse businesses, and the people behind its rise. Livestream the show on YouTube and catch highlights here. SHOWTIMES:U.S.: Sunday-Thursday, 23:00-0000 ETAsia: Monday-Friday, 11:00-12:00 SIN/HK, 08:30-09:30 India Europe: Monday-Friday,…
Sunrun has more room to run, according to Wells Fargo. Analyst Michael Blum reiterated his overweight rating on the solar panel maker and lifted his price target by $6 to $14. That implies roughly 28% potential upside ahead for Sunrun shares, which have gained more than 18% this year. According to Blum, Sunrun’s cash generation outlook has stayed strong after the One Big Beautiful Bill Act, the wide-ranging legislation introduced by the Trump administration that cut tax incentives and policy support for renewable energy and clean infrastructure. He continues to view the stock as a top pick in the residential…
An employee works inside a textile mill at Bhilwara in India’s Rajasthan state, on July 6, 2025. Himanshu Sharma | Afp | Getty ImagesCredit rating agency S&P Global upgraded India’s long-term unsolicited sovereign credit ratings to “BBB” from “BBB-” on Thursday, citing economic resilience and sustained fiscal consolidation.The agency had revised the outlook on India’s rating in May last year to positive from stable on robust growth and improved quality of government expenditure.”The upgrade of India reflects its buoyant economic growth, against the backdrop of an enhanced monetary policy environment that anchors inflationary expectations,” the rating agency said in a…
Shares of Li Auto could be under pressure as the company faces tough competition, according to JPMorgan. Analyst Nick Lai downgraded the Chinese electric vehicle company to neutral from overweight and lowered his price target by $5 to $28. His new target suggests the stock — which is up 3.8% year to date —still has 12.4% potential upside from Wednesday’s close. “We revise down Li’s 2025/26 volume and earnings estimates by ~10-20%, largely to reflect intensifying competitive dynamics facing Li’s BEV business,” Lai said, adding that the stock is “fairly valued at current levels” in his view. Behind Lai’s downgrade…
Ann Hermes/The Christian Science Monitor via Getty ImagesEven a peanut butter and jelly sandwich is not immune to inflation’s bite.Although grocery prices cooled in July, food costs, overall, are trending higher, according to the latest consumer price index.As a result of food cost inflation, parents who pack lunches for their school-age children will pay more in the coming academic year compared with last year, a new report by Deloitte also found.For parents and other caregivers, the average daily cost of packing a lunch for school is now $6.15, according to Deloitte. That’s up 3% on average, compared with the start of the 2024 school year.”The high point of…
