Glenn Fogel, Booking Holdings CEO, joins ‘Squawk Box’ to discuss the company’s quarterly earnings results, state of travel, weaker travel spending in the U.S., consumer travel demand, impact of AI, and more. Source link
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Piotr Swat | Lightrocket | Getty ImagesPalo Alto Networks will take over Israeli identity security provider CyberArk in a deal valued at roughly $25 billion.The California-based cybersecurity company will pay $45 a share for CyberArk, representing a 26% premium to its share price Friday.Shares of Palo Alto fell more than 7% before the bell Wednesday, building on a 5% loss from Tuesday. CyberArk’s stock dipped 2%.”Our market entry strategy has always been to enter categories at their inflection point, and we believe that moment for Identity Security is now,” Palo Alto CEO and chairman Nikesh Arora said in a release…
UBS is more optimistic on Peloton heading into its fiscal fourth-quarter earnings. The bank upgraded shares of the exercise equipment company to a buy rating from neutral. Analyst Arpine Kocharyan’s new price target of $11, upped from $7.50, offers upside of 78% from Peloton’s Tuesday close. Shares popped more than 7% after the upgrade. PTON 5D mountain PTON 5-day chart Kocharyan noted that an improvement in online traffic could hint at a stabilizing subscriber base. “While we see subscription price increases anchoring near-term top line growth, we might also see underlying net subscriber decline stabilizing into FY’26, outside of price…
Apple CEO Tim Cook and Senior Vice President of Software Engineering Craig Federighi speak during Apple’s annual World Wide Developers Conference at the company’s headquarters in Cupertino, California, U.S., June 9, 2025.Laure Andrillon | ReutersWhile its megacap tech peers are bragging about building island-sized data centers filled with Nvidia chips to power artificial intelligence devices of the future, Apple remains largely on the sidelines.Wall Street is getting concerned.The iPhone maker is the second-worst performer this year among the so-called Magnificent Seven, with its stock down over 15% as of Tuesday’s close. Tesla, down 20%, is the only other member of…
U.S. President Donald Trump gestures before boarding Air Force One as he returns to Washington, D.C., in Lossiemouth, Scotland, Britain, July 29, 2025. Evelyn Hockstein | ReutersPresident Donald Trump said that he will not extend Friday’s deadline for his “reciprocal” tariffs on dozens of countries to restart.”THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!” Trump wrote on Truth Social on Wednesday morning.This is breaking news. Please refresh for updates. Source link
Attitudes on Capitol Hill toward exchange-traded funds and cryptocurrency may be changing. Teucrium CEO and CIO Sal Gilbertie told CNBC’s “ETF Edge” regulators are becoming “more friendly” under President Donald Trump versus the Biden administration.”It’s a completely different environment in Washington right now,” Gilbertie said on Monday. “It’s more welcoming towards innovation — especially in crypto… and that’s a relief for us.”Gilbertie’s firm oversees the Teucrium 2x Long Daily XRP ETF (XXRP), which aims to return double the daily performance of the cryptocurrency XRP, according to the fund’s website. As of Tuesday’s close, the ETF is up 96% since its April…
Nvidia , along with other chipmakers, could extend recent gains as AI demand continues to grow, according to Morgan Stanley. Analyst Joseph Moore, who reiterated his overweight rating on the artificial intelligence chip darling, upped his price target on the stock to $200 from $170. That implies about 14% upside from Tuesday’s closing price. “AI strength is exceptional in both supply and demand. All of our data points and contacts are telling us that customers need more compute, and we are seeing a clear acceleration in inference workloads driving that,” the analyst wrote on Wednesday. “We see significant upside in…
An “Open House” sign in front of a home for sale in the Woodland Hills neighborhood of Los Angeles, California, US, on Sunday, July 13, 2025. Eric Thayer | Bloomberg | Getty ImagesMortgage interest rates have barely moved in several weeks, but rates are not what is weighing on consumers most. It’s really uncertainty about the economy that worries people more. That is keeping some from making big financial decisions.As a result, total mortgage application volume dropped 3.8% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The average contract interest rate for 30-year…
Key PointsLuxury carmakers Porsche, Mercedes-Benz Group and Aston Martin on Wednesday each outlined the extent to which U.S. import tariffs have taken their toll.Collectively, the carmakers warned of combined costs exceeding 770 million euros ($889 million).”This is not a storm that will pass,” Oliver Blume, chairman of the executive board of Porsche, said in a statement.Luxury automakers Porsche , Mercedes-Benz Group and Aston Martin on Wednesday each laid out the painful impact of U.S. President Donald Trump ‘s trade war — to the tune of a combined $889 million blow. German sportscar manufacturer Porsche said U.S. import tariffs resulted in…
As key companies’ earnings fell short on Tuesday, CNBC’s Jim Cramer said investors have begun to realize that President Donald Trump’s tariffs are having an impact on consumers.”Long story short: today was a wake-up call,” he said. “The tariffs, even reduced tariffs, are starting to roil things. The consumer’s not spending as much as I thought. There is an acknowledged slowdown there.”The indexes headed lower during Tuesday’s session, with the S&P 500 closing down 0.30%, the Nasdaq Composite slipping 0.38% and the Dow Jones Industrial Average losing 0.46%. According to Cramer, three household names — UPS, Whirlpool and Stanley Black…
