Weakness in Tesla’s core automotive business could add to pressure on the electric vehicle stock, according to Wells Fargo. “TSLA fundamentals of the core auto business continue to weaken,” analyst Colin Langan wrote in a Monday note to clients. “May global deliveries are down 23% [year over year]. While ‘order’ pricing on the website appears stable over the [last 12 months], aggressive financing promotions continue to act as price cuts. Risk to Q2 margin remains given lower leverage.” The bank reiterated an underweight rating on Tesla stock, alongside a $120 per price target. Wells Fargo’s forecast implies Tesla shares will…
Author: usaeverydaylife
Walt Disney taking full ownership of streaming platform Hulu could unlock a new level of growth for the entertainment giant, according to CEO Bob Iger. He has a compelling case. In an interview Tuesday on CNBC, Iger said Disney buying all of Hulu is “the first big step in the direction of turning this into a real growth business for the company.” Shares of Disney advanced roughly 3.5%, reaching a 52-week high of $120 apiece. The stock is up nearly 7% year to date when including Tuesday’s gains. Disney is now set to finalize its acquisition of NBCUniversal’s 33% stake…
Members of the California National Guard stand watch outside the Edward R. Roybal Federal Building in Los Angeles, as protests continue in response to federal immigration operations, June 10, 2025.Ronaldo Schemidt | Afp | Getty ImagesPresident Donald Trump’s deployment of National Guard troops and Marines to Los Angeles as immigration-enforcement protests continue will cost about $134 million, a Pentagon official said Tuesday.Acting Pentagon Comptroller Bryn Woollacott MacDonnell said that estimate is largely based on costs of housing, travel and food for the troops.McDonnell spoke at a House subcommittee hearing, where Defense Secretary Pete Hegseth was testifying.She said that the deployment,…
Sundar Pichai, CEO of Alphabet, speaks during an event in New Delhi, December 19, 2022.Sajjad Hussain | AFP | Getty ImagesGoogle is overhauling a popular internal learning platform to focus on teaching employees how to use modern artificial intelligence tools in their daily work routines, CNBC has learned.Grow, as the learning service is called, was previously filled with a wide array of courses, ranging from teaching Google employees how to build products, use 3D printers, help with their personal finance or even how to solve a Rubik’s cube. Those offerings have all been replaced primarily by AI-related courses.The revamp underscores…
BlackRock CEO Larry Fink has sent a clear message to investors: The world’s largest asset manager’s smallest acquisition last year could end up its most consequential. During an industry conference in March, the long-time executive said BlackRock’s $3.2 billion purchase of alternatives asset data provider Preqin — its smallest of the four deals announced in 2024 — is “probably the most significant thing we have done in terms of expanding the profile of private markets.” It could be a big deal for investors, too. For starters, Preqin can bring what BlackRock currently does best — offer investors index products like…
Bitcoin made an all-time high in May, retreated approximately 10% in the following nine days, and in just the past three days it traded back near those levels. We hold the iShares Bitcoin ETF (IBIT) in two of our growth-focused portfolios at Inside Edge . With such strong fundamental, macro and technical backdrops, I think it’s time to increase the position size for our investors. To start, let’s outline three fundamental reasons why bitcoin is reapproaching all-time highs. Strong institutional demand: The adoption of the IBIT ETF has been nothing short of historic, shattering inflow records. IBIT hit $70 billion…
At a used car market in Beijing, salesman Ma Hui said he fears China’s electric vehicle industry is in a race to the bottom.EV makers, led by the country’s market leader BYD, have been engaged in a bruising price war, depressing profits for the brands, as well as sellers such as Ma.”All of us were losing money last year,” Ma said about his fellow used car sellers in the market. “There are too many companies making too many new energy cars.”A BYD dealership in Beijing on June 4, 2025.CNBCChina’s trading partners have often accused the country of flooding the global…
California National Guard personnel stand outside the Edward R. Roybal federal building after their deployment by U.S. President Donald Trump, in response to protests against immigration sweeps, in Los Angeles, California, U.S. June 8, 2025. David Ryder | ReutersCalifornia Gov. Gavin Newsom on Tuesday asked a federal judge to quickly block the Trump administration’s deployment of National Guard members and Marines to Los Angeles to quell protests against immigration raids.This is breaking news. Please refresh for updates. Source link
When the idea for the Oura Ring was first spawned in 2013, the company’s founders envisioned a device that would take a precise look at sleep and recovery, two important aspects of overall health that they felt few wearable tools had prioritized to that point.Now, over a decade later, Oura’s ambitions have evolved to transform healthcare and personal health, all while disrupting the growing wearables industry.”The vision for the future of Oura has to do with the doctor in your pocket,” Oura CEO Tom Hale said in an appearance on CNBC’s “Squawk on the Street” on Tuesday. “Everyone already has…
Images from Los Angeles this week of demonstrators throwing rocks and police officers spraying tear gas mirror scenes of other recent confrontations between protesters and the authorities from around the world.Los Angeles has been convulsed by public outrage since the Trump administration launched a series of immigration raids on Friday. In response to the protests, President Trump called in the National Guard and the military. By Tuesday, 700 Marines were expected to be in the city, along with 4,000 Guard troops.For social scientists who study the intersection of protests, politics and law enforcement, the scenes unfolding in California broadly follow…
