The adoption of artificial intelligence tools is increasing at a rapid pace but remains far from ubiquity, providing more fuel for the AI trade to keep rallying. A string of recent data shows that businesses and consumers in the U.S. are increasingly using generative AI to help complete more tasks and address inquiries more quickly and efficiently. That bodes well for investors who own stocks across the AI trade — ranging from chipmakers to data center suppliers to companies that help electricity get made — because it suggests the hype on Wall Street is backed up by real-world embrace of…
Author: usaeverydaylife
Starbucks’ investors were excited for a brief moment after CNBC reported that the coffee giant received offers valuing its China operations at up to $10 billion, sending its Nasdaq-listed shares over 3% higher briefly before paring back gains. Starbucks China has attracted offers for a potential stake sale, valuing the coffee chain at between $5 billion and $10 billion, according to sources, and the bidding is likely to settle toward the higher end of that range. Following the report, Starbucks shares jumped over 3% at open to an intra-day high of $97.89, levels not seen in over three months, before…
McDonald’s stock has plenty of upside despite concerning signs about the fast food industry broadly, according to Goldman Sachs. Analyst Christine Cho upgraded the restaurant stock to buy from neutral, saying in a note to clients that McDonald’s is better positioned than its rivals to win over customers who are feeling strain in their wallets. “We believe MCD ultimately has the scale/marketing/digital advantage to successfully navigate through this environment. Management has firmly committed to market share gains through product and marketing innovation (including return of snack wraps, addition of daily double burger to the McValue platform in the US), and…
My top 10 things to watch Thursday, July 10 1. Stock futures were little changed as President Donald Trump ramped up the tariffs pressure. The Pentagon, meanwhile, will become the largest shareholder in American rare earth miner MP Materials , via a $400 million investment in preferred stock. Shares surged more than 60% this morning. The deal is aimed at reducing U.S. dependence on China for rare earths, which are key to manufacturing electronics, automobiles, and defense systems. 2. The Nasdaq hit a record high yesterday, with Nvidia topping a $4 trillion stock market value. The Club stock closed just…
The blue logo of the Organization of the Petroleum Exporting Countries (OPEC) is displayed on the facade of its headquarters building in Vienna, Austria, on June 9, 2025.Nurphoto | Nurphoto | Getty ImagesOPEC says more than 1,000 ministers, CEOs, policymakers, analysts and journalists were invited to its biennial seminar to discuss key trends in the oil and gas markets and the green transition.Here were three of the main topics under discussion:Green transitionAcross speeches and interviews, OPEC ministers once more advocated for a dual-pronged approach to the green transition that still allows investment in hydrocarbons to avoid supply shortages while availabilities…
Check out the companies making headlines in premarket trading. Delta Air Lines — Shares advanced nearly 12% before the opening bell after the airline reinstated its 2025 profit outlook , and second-quarter revenue and net income exceeded analyst estimates. Brazilian stocks — The iShares MSCI Brazil ETF (EWZ) dropped nearly 2% premarket after President Donald Trump announced a 50% tariff on Brazilian imports into the U.S. Brazil’s president said the country would respond with similar duties of its own targeting American products. Shares of oil giant Petrobras fell more than 1%. WK Kellogg — The breakfast food company gained more…
A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, January 30, 2020.Steve Marcus | ReutersThe Defense Department will become the largest shareholder in rare earth miner MP Materials after agreeing to buy $400 million of its preferred stock, the company said Thursday.MP Materials owns the only operational rare earth mine in the U.S. at Mountain Pass, California, about 60 miles outside Las Vegas. Proceeds from the Pentagon investment will be used to expand MP’s rare earths processing capacity and magnet production.Shares of MP Materials jumped more than 40% premarket…
To rank America’s Top States for Business in 2025, CNBC scored all 50 states on 135 metrics in 10 broad categories of competitiveness. The fundamentals of the study, now in its 19th year, are the same as they have always been, identifying the factors companies consider year after year when making site selection decisions, and that states pitch in their efforts to woo business. Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials, with Economy No. 1 this year.New in 2025, we have added metrics to gauge the states’ risks…
Ed Bastian, Delta CEO, joins ‘Squawk Box’ to discuss the company’s quarterly earnings results, any tourism trend impacts and much more. Source link
The smelting area, where the copper is smelted and then placed in molds and cooled, at the Codelco El Teniente processing facility in Machali, Chile, on Wednesday, April 2, 2025. Bloomberg | Bloomberg | Getty ImagesLondon-listed mining firms bounced on Thursday, shaking off recent losses to drive the U.K.’s FTSE 100 index to a record high as investors assessed the impact of 50% U.S. copper tariffs and stronger Chinese economic data.Anglo American shares were 5% higher at midday in London, with Rio Tinto and Glencore both up 4.5% and Antofagasta up 3%.The gains come amid turbulence in the copper market,…
