Check out the companies making headlines before the bell: Carnival — The cruise line added nearly 3% ahead of its anticipated second-quarter financial report. Analysts are expecting earnings of 24 cents per share on revenue of $6.21 billion, according to FactSet. Airlines — Airlines rose following a drop in oil prices after President Trump called for a ceasefire in Iran and Israel. Frontier Group climbed 3%, United Airlines gained more than 2.5%, American Airlines Group advanced 2.1%, Delta Air Lines and JetBlue Airways rose 1.7%, Alaska Air added 1.4% and Southwest Airlines advanced 1%. Chewy — The pet-focused ecommerce retailer…
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A number of catalysts could lead to more gains for Lyft , according to TD Cowen. Analyst John Blackledge upgraded the ride-sharing stock to buy from hold, naming it his “best smidcap idea” for 2025. The analyst also upped his price target by $5 to $21, which implies more than 40% upside from Monday’s close. “We see multiple growth levers ahead amid strong execution from the current [management] team, who has refocused the company on ‘customer obsession’ and has rolled out multiple innovations to improve experience for riders & drivers (most recently Price Lock),” Blackledge wrote on Tuesday. Shares were…
Here are Tuesday’s biggest calls on Wall Street: Morgan Stanley upgrades Snowflake to overweight from equal weight After a change in analyst coverage, the firm upgraded the stock and says it’s very bullish. “Under new CEO Sridhar Ramaswamy, SNOW has become a better executing and faster innovating company. We see AI creating a long growth runway in the core while market expansion into data engineering and AI provide the path to 20% + CAGR thru 2030.” Read more . Bank of America reiterates Apple as buy Bank of America said shareholders should stick with Apple. “Maintain Buy on strong capital…
Parade goers hold Pride flags during the annual Pride Parade in San Francisco on Sunday, June 29, 2024. Minh Connors | San Francisco Chronicle | Hearst Newspapers | Getty ImagesMeta CEO Mark Zuckerberg is staying mum these days when it comes to the LGBTQ+ community. It wasn’t always that way. San Francisco Pride Executive Director Suzanne Ford told CNBC she remembers when Zuckerberg personally called the nonprofit to ensure that the company then known as Facebook had a spot at the annual event. As the world’s largest LGBTQ+ parade, the SF Pride event has become a symbol representing advocacy and social…
People seen around the Starbucks coffee store in Shenzhen, China.Jakub Porzycki | Nurphoto | Getty ImagesU.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was, without disclosing where it obtained the information.Starbucks has held preliminary talks with more than a dozen potential buyers, Caixin also reported on Monday, citing sources who did not specify what was for sale.”I can confirm Starbucks is not currently considering a full sale of its China operations,” a company spokesperson said in a statement.Starbucks kicked off a formal sale process of its China operations in May, inviting interested buyers to submit answers to a list of questions by the end of last week, said three sources with knowledge of the situation.The Seattle-based company, advised…
A Rolls-Royce Spectre all electric luxury coupe is displayed at Rolls-Royce Motor Cars dealership showroom in London.John Keeble | Getty Images News | Getty ImagesRepublicans are trying to make good on President Donald Trump’s campaign promise to give Americans a tax break on their car loan interest. However, as structured, most households wouldn’t get a substantial financial benefit, economists said.House and Senate Republicans proposed giving drivers a tax deduction of up to $10,000 on annual interest for new auto loans in their so-called “One Big Beautiful Bill Act.” The tax break would be temporary, ending after 2028.But few drivers pay…
Artificial intelligence growth could provide a boost to shares of Snowflake , according to Morgan Stanley. The bank upgraded the cloud software maker to overweight from equal weight and increased its price target by $62 to $262 — which reflects more than 22% upside from Monday’s close. The rating change comes as the stock has already outperformed the broader market in 2025. Year to date, Snowflake has jumped more than 38%, while the S & P 500 has risen more than 2%. SNOW YTD mountain SNOW, year-to-date “After several years of sharply decelerating growth and mounting investor concerns on its…
Waymo partners with Uber to bring robotaxi service to Atlanta and Austin.Uber Technologies Inc.Uber and Alphabet’s Waymo are now offering robotaxi rides to the public in Atlanta, as the companies continue expansion of their partnership. The Waymo robotaxis available through the Uber app will cover approximately 65 square miles around Atlanta, but will not yet travel on highways or to the airport. The vehicles feature Waymo’s driverless technology, known as the Waymo Driver, integrated into battery electric Jaguar I-PACE SUVs.The companies said in September that they would be jointly bringing Waymo One to Austin, Texas, and to Atlanta. Rides became available in…
Deutsche Bank is doubling down on defense investment as a broader European drive to rearm unlocks fresh capital in the region.Speaking to CNBC’s Annette Weisbach at the Tag der Industrie conference in Berlin on Monday, Deutsche Bank CEO Christian Sewing said that the German lender has increased its exposure to the defense industry to the tune of “double-digit billion” euros.”We have actually sized up not only our portfolio appetite, but also the resources we bring in in order to advise our clients,” he said.Speaking more broadly about the industry, Sewing noted that “we have clearly, in particular on the European…
Google could face changes to its online search services in the U.K. after regulators raised concerns over the tech giant’s dominance.The Competition and Markets Authority on Tuesday said it is consulting on a proposal to give Google “strategic market status,” a designation under new competition rules for tech firms that hold entrenched power in a certain market.The watchdog was granted expanded competition and merger control powers this year as the Digital Markets, Competition and Consumers Act came into force.Similar to a European Union law known as the Digital Markets Act, the legislation gives the CMA the ability to directly enforce…
