A worker unloads boxes from an Amazon delivery van in San Francisco on Oct. 24, 2024.David Paul Morris | Bloomberg | Getty ImagesAmazon is expanding its rapid delivery machine to more rural corners of the U.S.The company said Tuesday it plans to bring same- or next-day delivery to more than 4,000 smaller cities, towns and rural communities across the country “for the first time” by the end of this year.The move is part of a previously announced small-town expansion that will see Amazon spend roughly $4 billion by the end of 2026 to triple the size of its rural delivery…
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Spain approves BBVA’s hostile takeover of Sabadell with conditionsThe government of Spain has approved BBVA’s hostile takeover of peer Sabadell, the fourth-largest bank in Spain, with conditions.Spain’s second-largest bank can proceed with the takeover of its rival, provided they operate as separate entities for at least three years. The government said it will also be able to extend the duration by two additional years, if it deems necessary.”The government has authorized the BBVA and Sabadell deal on the condition that, for the next three years, they remain separate legal entities and maintain separate assets, as well as autonomy in the…
Chair of the US Federal Reserve Jerome Powell speaks during a press conference following the Federal Open Market Committee meeting in Washington, DC, on June 18, 2025.Saul Loeb | Afp | Getty ImagesFederal Reserve Chair Jerome Powell on Tuesday emphasized the central bank’s commitment to keeping inflation in check, saying he expects policymakers to stay on hold until they have a better handle on the impact tariffs will have on prices.In remarks to be delivered to two congressional committees this week, Powell characterized economic growth as strong and the labor market to be around full employment.However, he noted that inflation…
A faster growth outlook could translate into sizable gains ahead for Electronic Arts shares, Roth Capital wrote Tuesday. The research firm upgraded the video game company to buy from neutral and hiked its price target 6%, to $185 from $175, implying about 20% upside from Monday’s close. “Sports remains a blue-chip cornerstone for the company’s growth story, but a successful release of a new Battlefield game could materially change investor sentiment,” analyst Eric Handler wrote on Tuesday. “We see EA at an important inflection point setting it up well for an elevated, multi-year growth trajectory. With multiple gaming projects like…
My top 10 things to watch Tuesday, June 24 1. Is there an Israel-Iran ceasefire or not? President Donald Trump announced an agreement to end the conflict, but hours later, Israel accused Tehran of violating it. Trump said Israel will not go through with a retaliatory strike on Iran, and that the truce is still in effect. 2. Oil prices were down more than 3%, extending yesterday’s steep slide, despite all the ceasefire confusion. U.S. oil benchmark WTI was still up over 7% for the month. Oil has been a barometer for measuring the risk of the Israel-Iran conflict. 3.…
Two Republican senators are planning to debut a framework on Tuesday for a major bill that would set the rules of the road for digital assets.According to the framework, being introduced by Senate Banking Chairman Tim Scott of South Carolina and Sen. Cynthia Lummis of Wyoming, who heads the panel’s digital assets committee, the future bill will define when crypto is a commodity or a security, allow crypto exchanges to register with the Commodity Futures Trading Commission and reduce the Securities and Exchange Commission’s regulation of digital currencies.Also signing on are Sens. Thom Tillis, R-N.C., and Bill Hagerty, R-Tenn.Those pushing…
U.S. President Donald Trump walks to board Marine One before departing from the South Lawn of the White House in Washington, DC on June 24, 2025, to attend the NATO’s Heads of State and Government summit in The Hague. Mandel Ngan | Afp | Getty ImagesThe U.S. and President Donald Trump are totally committed to NATO, the military alliance’s chief said on Tuesday, looking to reassure allies following concerns that Washington could abandon the Western military bloc due to frustration over uneven defense spending.”There is total commitment by the U.S. president and the U.S. senior leadership to NATO,” NATO Secretary…
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…
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…
