US President Donald Trump walks on the South Lawn of the White House after arriving on Marine One in Washington, DC, US, on Sunday, July 13, 2025.Bonnie Cash/UPI/Bloomberg via Getty ImagesThe European Union has been left scrambling after U.S. President Donald Trump said he would slap a 30% tariff on goods imported from the bloc beginning Aug. 1.European leaders were quick to respond, saying they would still work to strike an agreement with the U.S. before the start of August. The EU also further delayed countermeasures which were set to come into effect this week and warned that preparations for…
Author: usaeverydaylife
Here are Monday’s biggest calls on Wall Street: UBS reiterates Tesla as sell UBS said the stock remains overvalued. “We believe TSLA remains fundamentally overvalued, but the price reaction will depend on Musk’s call comments.” Bank of America initiates Caris Life Sciences as buy The firm said the biotech company has a “best in class financial profile.” “Caris Life Sciences (CAI) is a molecular diagnostic company with a differentiated, data-driven platform for tissue-based tumor profiling.” Goldman Sachs initiates Nebius Group as buy Goldman said the AI cloud company is well positioned. “We initiate on Nebius (NBIS), a leading player in…
Check out the companies making headlines in premarket trading. Kenvue — The Neutrogena-maker jumped 4.5% after the company said its CEO Thibaut Mongon has stepped down . Kenvue said its board is conducting a strategic review of the company and is considering a range of possible alternatives, such as simplifying the company’s portfolio. nCino — The financial technology provider gained nearly 5% following an upgrade to outperform at Baird , with analyst Joe Vruwink citing an upbeat outlook from company management highlighting a potential boon from recent initiatives. Rivian Automotive — The electric vehicle company pulled back 1.3%. Guggenheim downgraded Rivian…
A laborer loads consumer goods onto a supply cart at a wholesale market in Kolkata, India, on November 11, 2024.Nurphoto | Nurphoto | Getty ImagesIndia’s consumer inflation continued to ease in June, hitting a lower-than-expected 2.10%, government data showed on Monday.The headline inflation rate extended its slide after dropping to a more than six-year low in May as growth in food prices continued to decline. Economists polled by Reuters had forecast June inflation at 2.5%.The consumer price index dropped for an eighth straight month in June.Food inflation came in at -1.06% in June, compared with 0.99% in May.Inflation data offers more room…
There’s a rosy outlook ahead for nCino , according to Baird. The bank upgraded the financial technology stock to outperform rating from neutral. Analyst Joe Vruwink new price target of $38, up from $30, implies potential upside of 32%. Vruwink pointed out that the backdrop looks extremely favorable for nCino. Moreover, the company’s management appears to be more positive about reaching its goals. “Current setup has many parallels to our favorite stock calls: macro/spend conditions likely turning higher, ‘mechanical’ growth accelerants, GTM catalysts, new product momentum…all with expectations having reset lower, yielding (we believe) the best estimate upside argument in…
Thibaut Mongon, CEO of Kenvue Inc. a Johnson & Johnson consumer-health business, speaks during an interview with CNBC during his company’s IPO at the New York Stock Exchange (NYSE), May 4, 2023.Brendan McDermid | ReutersTylenol maker Kenvue’s CEO and board member Thibaut Mongon has stepped down, it said on Monday and named company director Kirk Perry as interim chief executive.The company, which was spun off from Johnson & Johnson in 2023, has been under pressure from activist investors to boost performance, particularly in its skin-health and beauty unit, which includes brands such as Neutrogena and Aveeno.”The Board’s strategic review is…
France’s President Emmanuel Macron arrives to deliver a speech to army leaders at l’Hôtel de Brienne in Paris on July 13, 2025, on the eve of the annual Bastille Day Parade in the French capital. Ludovic Marin | Afp | Getty ImagesFrench President Emmanuel Macron on Sunday announced plans for a substantial increase in defense spending over the next few years, warning of imminent threats to France and wider Europe’s security.″Since 1945, freedom has never been so threatened, and never so seriously,” Macron said, addressing leaders of the armed forces on the eve of the Bastille Day national holiday.″To be free in…
Key PointsThe U.S. and EU have the largest bilateral trade and investment relationship in the world, representing almost 30% of global trade in goods and services.Last year alone, the value of EU-U.S. trade amounted to 1.68 trillion euros ($1.96 trillion). That’s the equivalent of roughly 4.6 billion euros of trade per day. U.S. President Donald Trump has pledged to impose a 30% tariff on imports from the European Union from August 1. The announcement, which follows similar warnings to other trading partners, could make everything from German machinery and French cheese to Italian luxury goods and Danish pharmaceuticals more expensive…
Elon musk and the xAI logo.Vincent Feuray | Afp | Getty ImagesElon Musk on Monday said he does not support a merger between xAI and Tesla, as questions swirl over the future relationship of the electric automaker and artificial intelligence company.X account @BullStreetBets_ posted an open question to Tesla investors on the social media site asking if they support a merger between Tesla and xAI. Musk responded with “No.”The statement comes as the tech billionaire contemplates the future relationship between his multiple businesses.Overnight, Musk suggested that Tesla will hold a shareholder vote at an unspecified time on whether the automaker…
U.S. President Donald Trump’s threat to impose a 30% tariff on European Union goods has investment banks warning that the move could trigger a “prolonged and deeper economic slowdown” across the continent and potentially force the European Central Bank to cut rates. Trump revealed the new rates in letters to European Commission President Ursula von der Leyen on Truth Social over the weekend. He added that if the EU retaliated with higher tariffs , “then, whatever the number you choose to raise them by, will be added on to the 30% that we charge.” Goldman Sachs said the letter to…
