Shares of Kroger rose about 9% on Friday as the supermarket operator raised its full-year sales outlook and said it’s drawing shoppers seeking lower-priced store brands and cheaper alternatives to dining out.The Cincinnati-based grocer said it now expects identical sales, excluding fuel, to increase by 2.25% and 3.25% year over year, higher than its previous expectations for an increase of between 2% and 3%. Identical sales is an industry-specific metric that takes out one-time factors, such as store openings, closures and renovations. Kroger include stores and delivery sales in regions that have been in operation for five full quarters in…
Author: usaeverydaylife
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — During the last earnings season, the hyperscalers all affirmed their guidance for capital expenditures this year. The AI data center and infrastructure buildout is not slowing down. Earnings results and AI-related commentary from Oracle and AMD over the past week make it clear that this theme remains on fire. Lots of the companies on the Best Stocks in the Market list are direct or indirect beneficiaries of all this spend. Today we’re going to introduce you…
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesAflac says that it has identified suspicious activity on its network in the U.S. that may impact Social Security numbers and other personal information, calling the incident part of a cybercrime campaign against the insurance industry.The company said Friday that the intrusion was stopped within hours.”We continue to serve our customers as we respond to this incident and can underwrite policies, review claims, and otherwise service our customers as usual,” Aflac said in a statement.The company said that it’s in the early stages of a review of the incident, and so…
Tesla’s long-overdue robotaxi is finally hitting the streets this weekend, but the rollout may face some roadblocks.The Elon Musk-led electric vehicle company is expected to roll out robotaxis in Austin, Texas, on June 22, with the first driverless trip from the factory to a customer house expected on his birthday, June 28. Musk shared news of the tentative debut in a post to social media platform X last week.Here’s what we know about the Tesla event so far.When and whereThe launch will include a limited number of Tesla vehicles debuting in Austin on June 22. The initial rides will be…
Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington.The U.S. company posted on the Chinese social media service Weibo that the project would be the largest of its kind in China when completed.Utility-scale battery energy storage systems help electricity grids keep supply and demand in balance. They are increasingly needed to bridge the supply-demand mismatch caused by intermittent energy sources such as solar and wind.Chinese media outlet Yicai first reported that the deal, worth 4 billion yuan ($556 million), had been signed by Tesla, the local…
Despite beating earnings estimates and maintaining solid profit margins, Carvana (CVNA) has been under pressure recently, losing more than 9% in the last eight sessions — all on tariff scare headlines. While tariffs are a legitimate concern for many companies, this kind of sharp drop is a textbook example of a knee-jerk reaction — and the market is full of them. As a mean reversion trader, the goal is to identify these overreactions and take the other side when the setup aligns. In this case, I’m using a couple of key technical indicators to spot whether CVNA is setting up…
Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta and EssilorLuxottica on Friday unveiled a new line of Oakley smart glasses that include the social media company’s artificial intelligence assistant. The Oakley Meta HSTN, as the glasses are known, is the latest product borne from a multiyear partnership between the two companies. The HSTN smart glasses – which are pronounced how-stun – are pitched toward athletes and have a starting price of $399. The glasses represent…
Lionel Bonaventure | Afp | Getty ImagesCoinbase has secured a license from Luxembourg to offer crypto services across the European Union and will make the country its central hub in the region.The U.S. crypto exchange’s main European base has been in Ireland since 2023.Coinbase said Friday that it obtained its Markets in Crypto Assets (MiCA) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF).MiCA is a sweeping regulation that aims to create a harmonized legal framework for crypto across all 27 EU member states. The rules, which came fully into force late last year, also aim to reduce risks…
These are the stocks posting the largest moves in early trading. Source link
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview on the sidelines of the JPMorgan China Summit in Shanghai, China, on Thursday, May 22, 2025. Qilai Shen | Bloomberg | Getty ImagesOnce a laggard in the online investing game, JPMorgan Chase now believes it is a leader.The bank on Friday is set to unveil new tools that allow investors to research and purchase bonds and brokered CDs through its mobile app, CNBC is first to report.Users can set up customized screens and compare bond yields on the same banking app or web portal that…
