A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019.Yichuan Cao | Nurphoto | Getty ImagesWalmart’s majority-owned fintech startup OnePay said Monday it was launching a pair of new credit cards for customers of the world’s biggest retailer.OnePay is partnering with Synchrony, a major behind-the-scenes player in retail cards, which will issue the cards and handle underwriting decisions starting in the fall, the companies said.OnePay, which was created by Walmart in 2021 with venture firm Ribbit Capital, will handle the customer experience for the card program through its…
Author: usaeverydaylife
RH’s unique position, with a high-end assortment, relative scale, and a small share of the home furnishings market, leaves room for long-term growth. However, the weak U.S. housing market is a significant headwind. This is something CEO Gary Friedman acknowledged on the earnings conference call last quarter… “While we expect a higher-risk business environment this year due to the uncertainty caused by tariffs, market volatility, and inflation risk, we believe it’s important to separate the signal from the noise. The fact is, we’ve been operating in the worst housing market in almost 50 years. For context, in 1978, there were…
Fruit and vegetables are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | Afp | Getty ImagesAmericans grew less fearful about inflation in May as President Donald Trump backed off the most severe of his tariff proposals, according to a New York Federal Reserve survey Monday.The central bank’s Survey of Consumer Expectations showed that the one-year inflation outlook took a substantial dip, down to 3.2% — a 0.4 percentage point decrease from April.At the three-year horizon, the outlook fell 0.2 percentage point to 3%, while the five-year forecast edged down to 2.6% from 2.7%.While…
U.S. data center operator Vantage has raised 720 million euros ($821.4 million) — the first of its kind deal in Europe.The asset-backed securitization (ABS) deal, the first ever euro-denominated with data center assets on the continent, involves four data centers in Germany.The company said it will be paying on average a 4.3% coupon on the bonds issued through the process.In an ABS, Vantage raises money by using its data center infrastructure and future revenues from the facilities as collateral.Vantage said it will use the funds primarily to pay off existing construction loans previously secured for the facilities.”We believe the ABS…
An overly optimistic outlook on Tesla’s robotaxi rollout and a feud between CEO Elon Musk and President Donald Trump will keep the company’s stock in check, according to Baird. The firm downgraded in the electric vehicle company to neutral from buy. It maintained its $320 price target, which calls for about 8% upside from Friday’s close. Musk told CNBC’s David Faber in May that Tesla plans to have robotaxis in Austin by the end of this month . “We believe Musk’s comments regarding the robotaxi ramp rate are a bit too optimistic, and we believe this excitement has been priced…
A row of Waymo vehicles burn on a street during an anti-ICE protest in downtown Los Angeles, California, on June 8, 2025. Benjamin Hanson | Afp | Getty ImagesSeveral Waymo autonomous vehicles were set ablaze in downtown Los Angeles on Sunday amid widespread protests against President Donald Trump’s immigration crackdown.A spokesperson for the Alphabet-owned company confirmed there were multiple Waymo vehicles in the vicinity of protests that were unable to be retrieved. Waymo is suspending service in the protest area until it is deemed safe, the spokesperson added. Waymo responded with guidance from the Los Angeles Police Department, the spokesperson…
Jensen Huang, co-founder and chief executive officer of Nvidia, at the London Tech Week exposition in London, UK, on Monday, June 9, 2025.Bloomberg | Bloomberg | Getty ImagesLONDON — Wherever Nvidia CEO Jensen Huang goes, excitement follows — this time, all the way to London Tech Week.The Nvidia boss — whom Wedbush analyst Daniel Ives dubs the “godfather of AI” — is more like a rockstar these days, given his wide-spanning effect on the AI industry.”The amount of infrastructure required for AI wouldn’t be possible without that man,” one attendee at London Tech Week said.”He’s like Iron Man,” the attendee…
Here are Monday’s biggest calls on Wall Street: Goldman Sachs initiates eToro as buy Goldman said the financial services company has a differentiated offering. “We see ETOR as an attractive market share gain story in the fragmented European retail brokerage market, driven by a differentiated offering vs. peers, in terms of: 1) its geographic and product breadth (a pan-European client base that can trade global unlevered and levered equities, currencies, commodities, and crypto); 2) a tech-enabled offering…” Morgan Stanley downgrades Lululemon to equal weight from overweight Morgan Stanley downgraded the stock citing a slew of negative data points. “We’re downgrading…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in emerging markets on the back of U.S.-China trade talks and at a cybersecurity play focused on AI and remote work. Worldwide Exchange pick: CrowdStrike Shana Sissel of Banrion Capital sees more upside in CrowdStrike despite the cybersecurity giant seeing a more than 35% gain this year. “It’s the leading player in that space. … Its Falcon XDR technology is incorporating AI, remote work continues to be a…
Walmart’s push to grow in the e-commerce arena could be a key catalyst for its stock, according to Mizuho Securities. The firm named Walmart a top pick and raised its price target on the retailer to $115 per share from $105. That implies upside of nearly 18%. “The multi-year rebuild into a much more tech-led player is working, with a focus on speed of delivery and further volume gains ahead,” analyst David Bellinger said. “WMT is on pace to deliver annual U.S. e-commerce revenues in excess of $100B or closing in on ~10% of all domestic online sales – making it…
