From cruise ships to telecommunications, European companies are finding ways to increasingly pivot to military contracts as they seek to cash in on a defense boom that’s sweeping the continent. Europe’s defense sector has exploded in value this year, with the industry’s publicly listed companies riding a wave of bullish sentiment that has seen some firms’ valuations more than double . The regional Stoxx Aerospace and Defense index has gained more than 50% since the beginning of the year, amid a broad push from the European Union , the U.K. , Germany and the NATO military alliance to drastically ramp…
Author: usaeverydaylife
Netflix is due to report second-quarter earnings after the closing bell Thursday.The streaming service is no longer offering investors quarterly subscriber updates, but Wall Street will be keen to hear how recent price hikes and the platform’s growing advertising tier are faring — especially as businesses across all sectors grapple with consumers tightening their purse strings.Here’s what Wall Street expects for the company’s most recent quarter: Earnings per share: $7.08, according to LSEGRevenue: $11.07 billion, according to LSEGThese results would signify earnings growth of 45% year over year and a more than 15% jump in revenue compared to the prior-year period. Netflix posted…
Wall Street is lovin’ McDonald’s newest menu item. Analysts at several firms have this week told clients that the return of the Snack Wrap — the fan favorite that was originally discontinued in 2016 — has been positive for the fast food giant. Investors hope the excitement around the product’s return will help boost sales in the new quarter and can provide a jolt for an underperforming stock. The third quarter “has gotten off to a strong start helped by the relaunch of Snack Wrap,” Evercore ISI analyst David Palmer wrote to clients in a Thursday note. U.S. same-store sales…
Check out the companies making the biggest moves midday: Steven Madden — The fashion footwear company jumped more than 5% after Citi upgraded the stock to buy from neutral. The Wall Street firm said the market is underappreciating the acquisition of UK-based Kurt Geiger, while a favorable shift towards dress shoes and away from sneakers should benefit its core business. Lucid Group — Shares of the electric vehicle maker surged 31%. That rally came after a press release Thursday morning showed at least 20,000 Lucid vehicles will be deployed over the next six years using Nuro Driver technology through Uber’s ride-sharing…
With expectations that prices will rise throughout the economy over the summer as more tariffs stack up, a group of legislators on Capitol Hill, highlighted by Senator Elizabeth Warren (D-Mass.), introduced a bill to target price gouging by the market’s biggest companies.The Price Gouging Bill of 2025 — introduced on Thursday by Warren along with Senator Tammy Baldwin (D-Wisc.), Rep. Jan Schakowsky (D-Illinois), and Rep. Chris Deluzio (D-Pa.) — would make price gouging illegal and give the Federal Trade Commission and state attorneys general the power to litigate alleged abuses of market power.The proposed legislation comes just days after the…
Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024.Noah Berger | Getty ImagesAmazon is laying off some staffers in its cloud computing division, the company confirmed on Thursday.”After a thorough review of our organization, our priorities, and what we need to focus on going forward, we’ve made the difficult business decision to eliminate some roles across particular teams in AWS,” Amazon spokesperson Brad Glasser said in a statement. “We didn’t make these decisions lightly, and we’re committed to supporting the employees throughout their transition.”The company declined…
Boxes of tablets, produced by Novartis AG, sit on a pharmacy counter.Bloomberg | Bloomberg | Getty ImagesSwiss pharmaceutical firm Novartis said Thursday that it expects its Kisqali breast cancer treatment to be the next blockbuster drug within its portfolio, as it looks to shift reliance away from its Entresto heart failure therapy.Sales of Kisqali, which treats metastatic breast cancer, surged 64% globally on a constant currency basis in the three months to June, the company said in its second-quarter sales report. That includes 100% growth in the U.S.It follows a 56% increase in Kisqali sales in the first quarter to March.Speaking on…
CoreWeave could be in big trouble in the near future, according to HSBC. The firm initiated coverage of CoreWeave with a reduce rating and a $32 per share price target. signals for more than 77% downside from Wednesday’s close. Analyst Abhishek Shukla said that because most of CoreWeave’s revenue comes from only a few customers that also use their own software, thus diluting its “value proposition.” CRWV YTD mountain CoreWeave stock in 2025. “CoreWeave’s key customers, namely Microsoft, Open AI, and Nvidia, do not use CoreWeave’s software services, according to SemiAnalysis,” the analyst said. “We believe this diminishes the competitive…
Cars drive along the 110 Freeway in Los Angeles, California, U.S., May 22, 2025. Daniel Cole | ReutersThe U.S. auto safety agency is shedding more than 25% of its employees under financial incentive programs to depart the government offered by the Trump administration, according to data provided to Congress seen by Reuters.The National Highway Traffic Safety Administration, part of the Transportation Department, is shrinking from 772 employees as of May 31 to 555 under the program. The Federal Highway Administration and Federal Transit Administration are also both losing more than 25% of their staff.Representative Rick Larsen, top Democrat on the House Transportation and Infrastructure…
People wait in a security line operated by the Transportation Security Administration (TSA) at John F. Kennedy (JFK) Airport on May 24, 2016 in New York, New York. Spencer Platt | Getty ImagesTravelers giddy about being able to keep their shoes on while walking through TSA checkpoints at the airport again may have something else to look forward to: changes to how much liquid they can carry.Homeland Security Secretary Kristi Noem said Wednesday during a conference hosted by “The Hill” that she is questioning “everything TSA does” and spoke of possible changes to the amount of liquids travelers can tote in…
