Elon Musk meets with Indian Prime Minister Narendra Modi at Blair House in Washington DC, USA on February 13, 2025. Anadolu | Anadolu | Getty ImagesTesla will open a showroom in Mumbai, India next week, marking the U.S. electric carmakers first official foray into the country.The one and a half hour launch event for the Tesla “Experience Center” will take place on July 15 at the Maker Maxity Mall in Bandra Kurla Complex in Mumbai, according to an event invitation seen by CNBC.Along with the showroom display, which will feature the company’s cars, Tesla is also likely to officially launch…
Author: usaeverydaylife
Check out the companies making headlines before the bell. Levi Strauss — The denim apparel stock rose 7% after second-quarter results topped expectations. Levi Strauss reported 22 cents in adjusted earnings per share on $1.45 billion of revenue. Analysts surveyed by LSEG were looking for 13 cents per share and $1.37 billion. The company also increased its dividend and raised full-year guidance on several key metrics. Coinbase , MicroStrategy — Shares of Coinbase and MicroStrategy added 1% and 3%, respectively, as bitcoin reached a fresh all-time high on Friday. The price of the flagship cryptocurrency flew above $118,000 after bitcoin ETFs…
Shares of Texas Instruments could be set up for more gains as the semiconductor industry backdrop improves, TD Cowen said. In a note dated Thursday, the firm upgraded the chip stock to buy from hold and hiked its price target to $245 from $200 — which implies more than 11% upside. “With more confidence the industrial semis de-stocking is ending, and flexible CapEx in 2026+, we raise our estimates and upgrade shares of TI to Buy with a $245 PT,” analyst Joshua Buchalter wrote. “Tariff/ macro concerns linger, but we see TI positioned to outperform in either a sharp or…
Key PointsBrunello Cucinelli posted an estimate-beating 10.7% rise in first half sales as the super-rich shrug off tariff concerns.The retailer also pointed to a solid start to July and confirmed its outlook for around 10% sales growth in 2025 and 2026.Analysts, however, expressed doubt over broad-based growth for the beleaguered sector.Soaring sales at exclusive Italian fashion line Brunello Cucinelli indicate the super-rich are shrugging off tariff concerns even as lesser luxury brands falter. The elite retailer posted an estimate-beating 10.7% rise in first-half sales at constant exchange rates after the market close Thursday, as demand for its $2,000 cashmere sweaters and “quiet…
In this photo illustration a Bitcoin logo seen displayed on a smartphone with stock market percentages in the background.Omar Marques | SOPA Images | LightRocket | Getty ImagesBitcoin extended its rally on Friday, rising to new records overnight after bitcoin ETFs saw their biggest day of inflows of the year.The price of the flagship cryptocurrency was last higher by 4% at $118,396.01, according to Coin Metrics. Earlier, it rose as high as $118,872.85. Ether rose nearly 7% to trade back above the $3,000 level for the first time since February.On Thursday, bitcoin ETFs logged their biggest day of inflows of…
Key PointsJamie Dimon told an event in Ireland on Thursday that Europe was “losing” on competitiveness and lacked the kind of global, successful corporations common in the U.S.The JPMorgan Chase boss also told an event in Ireland that there was “complacency in the markets” around U.S. tariffs and rates.Dimon said he saw a 40-50% chance that the Federal Reserve would need to raise interest rates to tackle inflation, against market pricing of around 20% chance.JPMorgan Chase boss Jamie Dimon did not pull his punches when he spoke at Ireland’s Department of Foreign Affairs. “You’re losing,” he said of European competitiveness…
A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | ReutersThe newest hire at Goldman Sachs isn’t human.The bank is testing an autonomous software engineer from artificial intelligence startup Cognition that is expected to soon join the ranks of the firm’s 12,000 human developers, Goldman tech chief Marco Argenti told CNBC.The program, named Devin, became known in technology circles last year with Cognition’s claim that it had created the world’s first AI software engineer. Demo videos showed the program…
A “more manageable” tariff backdrop could lead to more growth for Amazon , according to Morgan Stanley. With trade tensions between the U.S. and China having eased, the firm hiked its price target on the e-commerce giant to $300 from $250 and reiterated its overweight rating. That updated forecast reflects about 35% upside from Thursday’s closing price. This comes as the stock has already surged more than 20% in the past three months, outperforming the S & P 500’s gain of more than 17% in the same period. In the past month, shares have also risen more than 4%. AMZN…
Meta CEO Mark Zuckerberg and Square CEO Jack Dorsey.Manuel Orbegozo | Handout | ReutersA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Even as tax changes may reduce giving by the wealthy, a leading investment firm is pioneering a new model of philanthropy that could spur big donors to act now.Iconiq Capital, which started in Silicon Valley with clients like Mark Zuckerberg and Jack Dorsey, has created collaborative philanthropy funds to jump-start giving. These so-called co-labs pool clients’…
European Union and Chinese flags are displayed side by side in the meeting room where Chinese Foreign Minister Wang Yi met with European Council President Antonio Costa in Brussels, Belgium on July 2, 2025.Dursun Aydemir/Anadolu via Getty ImagesThe U.S. tariff saga has stolen global spotlight from trade tensions between China and the European Union, which are now heating up.Accusations and investigations over each other’s trade practices have long been a staple of EU-China trade relations, underpinned by concerns over how domestic economies are likely to be impacted by competing imports.In recent weeks, EU restrictions on Chinese companies taking part in…
