The outlook on consumer spending continues to get cloudier. Last week, consumer sentiment slid to its second-lowest reading on record while recent credit card data showed that many Americans are starting to cut back. Walmart, Microsoft and Subaru are just some of the companies that have warned of price increases related to tariffs, which could lead price-sensitive shoppers to pull back even more. However, there are plenty of companies and sectors that still see strong demand, especially in the wake of the broader market rebound following the Trump tariff pause, most recently extended to the steepest China import taxes. “The consumer is coming…
Author: usaeverydaylife
A Marks & Spencer Group Plc (M&S) store in Kingston-upon-Thames, UK.Bloomberg | Getty ImagesBritish retailer Marks & Spencer said Wednesday that a recent cyberattack, which left food shelves bare and brought online sales to a standstill, will wipe out almost one-third in its annual profits.The company, known for its clothing, homeware and food products, said last month’s cyber attack would cost the business £300 million ($403 million) in operating profit this year.”Our current estimate before mitigation is an impact on Group operating profit of around £300m for 2025/26,” the company said in a statement alongside its annual results.It added that…
In a Tuesday interview with CNBC’s Jim Cramer, Palo Alto Networks CEO Nikesh Arora said cybersecurity is in a pivotal moment as more companies incorporate artificial intelligence into business.”I think this is a perfect time for security companies to be out there working with our customers to make sure, as we say, ‘deploy AI bravely,’ and it’s going to be an inflection point,” he said.According to Arora, even “naysayers” of AI are now trying to move data to the cloud in order to keep up with competitors. New AI models require the cloud, he said, claiming that businesses will be…
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands.Patrick Van Katwijk | Getty ImagesA version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions.Novavax can finally breathe a sigh of relief – at least a small one.The Food and Drug Administration approved the company’s Covid-19 vaccine after more than a month of delay – but the long-awaited green light comes with unusual…
Containers pile up at Taicang Port Container Terminal in Suzhou City, Jiangsu Province, China, on May 18, 2025.Nurphoto | Nurphoto | Getty ImagesThis report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead. Like what you see? You can subscribe here.The big storyJust a week after a breakthrough in U.S.-China trade tensions, neither side can yet be confident that the other is holding…
A United Airlines Station Operation Center stands at Newark Liberty International Airport in Newark, New Jersey, U.S., May 9, 2025.David Dee Delgado | ReutersFollowing a series of major disruptions in New Jersey’s main airport, the Federal Aviation Administration announced on Tuesday it is requiring temporary cuts to flights at Newark after meetings with major U.S. airlines to address congestion.Newark Liberty International Airport has been dealing with a chaotic series of equipment outages, runway construction and air traffic control staffing issues for weeks.The FAA interim order did not specify what specific flights are being cut but said it requires 3 to…
A view of a Tesla Cybercab, also known as the Robotaxi, during the Silicon Valley Auto Show at Santa Clara Convention Center in California, U.S., on Feb. 22, 2025. Tayfun Coskun | Anadolu | Getty Images One consequence of the tariff tumult caused by U.S. President Donald Trump over the past month is that investor enthusiasm over artificial intelligence has waned. Only three of the Magnificent Seven stocks — all of which have a finger in the AI pie — are positive this year, with Nvidia eking out a tiny 0.07% gain year to date.The dampened investor mood over AI…
M&S cyberattack to cost retailer $400 millionPeople walk past a Marks & Spencer store.Sopa Images | Lightrocket | Getty ImagesBritish retail giant M&S said Wednesday that a recent cyberattack, which brought online sales to a standstill and left food shelves bare, would cost it around £300 million ($403 million) in operating profit.The company, known for its clothing, homeware and food products, said disruption from the “highly sophisticated and targeted cyber-attack” would run into July and result in increased stock management costs in the second quarter.It added that the financial impact would be reduced through management of costs, insurance and other…
A customer looks at goods on a shelf in a supermarket on January 15, 2025 in London, England. Dan Kitwood | Getty Images News | Getty ImagesThe U.K.’s annual inflation rate hit 3.5% in April, coming in above analyst expectations, according to data released by the Office for National Statistics (ONS) on Wednesday.Economists polled by Reuters had anticipated the consumer price index would reach 3.3% in the twelve months to April.The latest data release comes against a recent trend of cooling inflation, with the rate of price rises slowing to 2.8% in February and 2.6% in March.Core inflation, which excludes…
PLANO, Texas — The top-selling SUV in the United States will exclusively be offered as a hybrid model as part of a redesign of the RAV4 lineup, Toyota Motor announced Tuesday night.The world’s largest automaker said the 2026 Toyota RAV4 only will be offered as a hybrid or plug-in hybrid, eliminating a traditional gas engine in the vehicle for the first time. It will still have a 2.5-liter four-cylinder engine, but with hybrid technologies such as batteries and electric motors.Despite a slower-than-expected adoption of all-electric vehicles, automakers have looked to hybrid models — which combine electric vehicle technologies with traditional…
