President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell amid the president badgering the central bank for lower interest rates.The central bank confirmed in a release that the meeting occurred, stressing that the future path of monetary policy was not discussed.”At the President’s invitation, Chair Powell met with the President today at the White House to discuss economic developments including for growth, employment, and inflation,” the Fed statement said. “Chair Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means…
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Although most analysts remain bullish on Nvidia following its latest strong earnings , other analysts are staying off to the sidelines when it comes to the chipmaker’s stock. D.A. Davidson and HSBC reiterated their neutral and hold ratings, respectively, though they each raised their price targets on Nvidia shares. D.A. Davidson hiked its target to $135 from $120, which implies the stock won’t do anything compared to Wednesday’s close. HSBC increased its target by $5 to $125, implying the stock will fall more than 7% over the coming year. This comes as shares of the dominant artificial intelligence chipmaker rose…
Nvidia’s Jensen Huang was more somber than usual on the AI juggernaut’s conference call following its blockbuster earnings, according to CNBC’s Kristina Partsinevelos , who has been analyzing all the action in the cult stock for the last 24 hours. Partsinevelos and I dive into the Nvidia results in the CNBC Pro video above and discuss the following: What is troubling Jensen How Trump’s next move could hand China’s AI market to Huawei The second half outlook for Nvidia away from China The bull case that could get Nvidia back to an all-time high NVDA 1Y mountain Nvidia, 1 year…
U.S. President Donald Trump speaks during an event announcing new tariffs in the Rose Garden at the White House in Washington, April 2, 2025.Chip Somodevilla | Getty ImagesThe Trump administration said it may ask the U.S. Supreme Court as soon as Friday to immediately pause a federal court ruling blocking many of President Donald Trump’s tariffs.The U.S. will seek the “emergency relief” from the nation’s highest court “to avoid the irreparable national-security and economic harms at stake,” it said in a filing in the U.S. Court of Appeals for the Federal Circuit on Thursday morning.But the government said it will…
2025 Jeep Cherokee SUVStellantisDETROIT — Jeep on Thursday revealed the first details and image of its new Cherokee SUV, which the company expects to assist in the brand’s turnaround when it arrives later this year.The Stellantis brand said the new midsize SUV will feature a hybrid powertrain option but declined to specify if it would be a traditional hybrid or plug-in hybrid electric vehicle (PHEV), which the company currently offers on several SUVs.”The all-new Jeep Cherokee headlines our efforts to deliver more product, innovation, choice and standard content to customers than ever before,” Jeep CEO Bob Broderdorf said in a…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Contessa Brewer joins ‘Squawk on the Street’ to discuss why international travel in the U.S. has declined while tourism oversees is booming. Source link
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh here — One of the things I’ve learned to do over the years is to stop thinking about investment opportunities purely through the lens of my own taste or experiences. I may not always be representative of the attitudes and desires of the bulk of the population. Nowhere is this more true than when it comes to consumer discretionary stocks and especially within the restaurant group. Darden Restaurants (DRI) owns eleven major dining brands, including the Capital…
Omada Health smart devices in use.Courtesy: Omada HealthOmada Health plans to raise up to $158 million in its up coming IPO, attaining a market cap of about $1.1 billion at the top end of its expected range, according to a filing on Thursday. The virtual chronic care company filed its prospectus earlier this month, and has just updated the filing with an expected pricing range of $18 to $20 per share. Omada said it plans to sell 7.9 million shares in the offering.The size of the offering and share price could change, and the market cap could be higher on…
Boeing Co. 737 Max fuselages at the company’s manufacturing facility in Renton, Washington, on April 15, 2025.Bloomberg | Bloomberg | Getty ImagesBoeing’s airplane deliveries to China will resume next month after handovers were paused amid a trade war with the Trump administration, CEO Kelly Ortberg said Thursday, as he brushed off the impact of tit-for-tat tariffs with some of the United States’ largest trading partners this year.Ortberg had said last month that China had paused deliveries.”China has now indicated … they’re going to take deliveries,” Ortberg said. The first deliveries will be next month, he told a Bernstein conference on Thursday.Boeing,…
Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCSalesforce shares slumped about 6% despite topping Wall Street’s fiscal first-quarter estimates and lifting its full-year guidance due to artificial intelligence tailwinds.The sales and customer service software giant said it now expects $11.27 to $11.33 in adjusted earnings per share and $41.0 billion to $41.3 billion in revenue for the fiscal year. That’s up from previous guidance that called for adjusted EPS between $11.09 and $11.17 and $40.5 billion to $40.9 billion in revenue.”Q1 results,…
