Even if Apple’s long-awaited foldable may still be months or years away, buyers are lining up for a potential major supplier: Chinese glass maker Lens Technology . It’s “one of the key beneficiaries of [the] foldable iOS smartphone supply chain,” Citi analysts led by Kyna Wong said in a July 14 report about Lens Tech. They estimate the device could contribute to 5% of the Chinese company’s revenue next year, and 12% in 2027. In a report last week, reputable Apple analyst Ming-Chi Kuo kept up expectations that the iPhone maker will begin making a foldable next year. Apple has…
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The corporate earnings season heats up this week with some of the largest companies in the world set to report. More than 100 S & P 500 names are scheduled to post their latest quarterly figures, including Tesla, Alphabet and Coca-Cola. Those numbers come after a solid start to the reporting period. Of the roughly 59 S & P 500 names that have posted results, 86% have topped expectations, according to FactSet. Among those are Goldman Sachs and JPMorgan. Take a look at CNBC Pro’s breakdown of what to expect in this week’s key reports. All times are ET. Tuesday…
Stocks that could win big if oil prices continue to slide include Advanced Micro Devices and Datadog , according to Jefferies. West Texas Intermediate crude oil prices have already taken a leg lower this year, down from around $80 per barrel in mid-January to around $68 today. Several factors have contributed to the weakness, including President Donald Trump’s global tariff war and the decision from OPEC+ members to hike production. The trend is unlikely to reverse anytime soon, according to Jefferies, which wrote in a Thursday note that oil prices are likely to stay low for the time being. But…
Idrees Abbas | SOPA Images | Lightrocket | Getty ImagesThe earnings season is on, and investors are paying attention to how the leading companies are faring. However, tariffs and other challenges remain on the minds of investors.While top Wall Street analysts also watch the quarterly results closely, they generally have a broader focus and assess the company’s ability to navigate short-term difficulties and deliver attractive returns over the long term.Here are three stocks favored by the Street’s top pros, according to TipRanks, a platform that ranks analysts based on their past performance.Uber TechnologiesFirst on this week’s list is ride-sharing and delivery platform…
Field of wheat in central Kansas is nearly ready for harvest.Ricardo Reitmeyer | Getty ImagesBangladesh signed a deal on Sunday to import 700,000 metric tons of wheat annually from the United States over the next five years, in a move aimed at securing tariff relief from the Trump administration amid growing trade tensions, officials said.The agreement — formalized through a memorandum of understanding inked in Dhaka between the Ministry of Food and trade group U.S. Wheat Associates — comes at a critical moment, with Washington set to impose a 35% tariff on Bangladeshi exports from August 1.Officials in Dhaka hope…
Sandbags placed near the waterfront in a residential area during a No. 8 storm signal raised for Super Typhoon Saola in Hong Kong, China, on Sept. 1, 2023.Bloomberg | Bloomberg | Getty ImagesTyphoon Wipha caused major flight disruptions Sunday in Hong Kong and at some nearby airports in China as it moved west along the southern coast.Airports in Hong Kong, Shenzhen, Zhuhai and Macao canceled or postponed all their daytime flights, their websites showed. Some high-speed train service in the area was suspended.The Hong Kong Observatory issued a hurricane signal No. 10, its highest warning. The eye of the storm was passing just south of the…
Officers stand at the scene of a crashed vehicle which drove into a crowd in Hollywood in the early hours of July 19, 2025, injuring 28 people, according to the Los Angeles Fire Department.Photo by ROBYN BECK/AFP via Getty ImagesA car slammed into a crowd outside a Los Angeles nightclub early Saturday morning, injuring at least 30 people, before the driver was assaulted by onlookers and shot, the city’s police and fire departments said.At least seven people were in critical condition and six others were seriously injured, the fire department said in an online statement.The incident, which took place outside…
Two people have died and a further two were missing in the South Korean resort town of Gapyeong on Sunday, after a landslide engulfed houses and flooding swept away vehicles during a period of heavy rainfall.This brings the nationwide death toll to 14 with 12 people missing since the rain began on Wednesday.The rainfall is likely to stop on Sunday and be followed by a heat wave, the government weather forecaster said on Sunday.The heavy rainfall, which had earlier lashed southern parts of South Korea, moved north overnight, it said. Source link
Next week, the CNBC teams are back on the road – and it’s all about the banks and the ECB. From Frankfurt to Milan, and Paris to London, the financials are in focus.Banking bellwethersThe markets seem to be banking on the financial sector to keep up the positive earnings momentum this quarter. Citi described the first quarter as “remarkably resilient,” with analysts now expecting Stoxx 600 earnings-per-share growth to turn positive year-on-year this quarter.Much of that optimism is centered on the big banks, while other sectors like luxury, autos and energy have been plagued by earnings downgrades.Unicredit kicks things off…
Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Monday, June 30, 2025. Victor J. Blue | Bloomberg | Getty ImagesTreasury Secretary Scott Bessent recently urged President Donald Trump not to fire Treasury Secretary Jerome Powell, warning of the potential economic, political, and legal consequences of such a move, according to a new report from The Wall Street Journal.Bessent reportedly told Trump that removing Powell before his term is up next spring could spur a negative response in the financial markets and push the central bank into uncharted legal and political territory, the Journal…
