Concentrated tech strength is powering a market that is otherwise flashing signs of falling consumer health, according to Josh Brown, CEO of Ritholtz Wealth Management. Concerns around the market are mounting as artificial intelligence-related capex spending and strong corporate earnings — notably from Meta and Microsoft reports this week — fuel record gains for just…
When Starbucks CEO Brian Niccol took the helm of the global coffee chain in September, inflation was up and store traffic and sales were down. On Wednesday, the 50-year-old executive detailed his plan to turn Starbucks around. The company’s new “green apron service model” — focusing on hospitality and efficiency — will differentiate the company…
Superyachts in Port Hercules, Monaco. John Lamb | The Image Bank | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. American boat buyers and European shipyards are scrambling to…
U.S. President Donald Trump, U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr., Dr. Mehmet Oz, Administrator for the Centers for Medicare & Medicaid Services, David Sacks, AI & Crypto Czar and Amy Gleason, Acting Administrator, Department of Government Efficiency (DOGE) attend the “Making Health Technology Great Again” event in the East Room…
Check out the companies making the biggest moves midday: Generac — The generator company gained 8% after Bank of America raised its price target on the stock, highlighting the company’s entry into data centers . Baxter International — Shares fell around 20% after the health-care company reported weaker-than-expected results for the second quarter. Baxter reported…
Meta has stepped up spending to build out infrastructure to power artificial intelligence, and that’s reviving the AI trade, which had been showing signs of fatigue. “While the infrastructure planning process remains highly dynamic, we currently expect another year of similarly significant capital expenditures, dollar growth in 2026, as we continue aggressively pursuing opportunities to…
The logo of Best Buy and Ikea on shopping carts. Getty Images Best Buy said Thursday it will test mini-showrooms in some of its stores featuring Ikea products to show off kitchen design elements from the home retailer beside home appliances from the electronics store. Beginning this fall, the program will debut in 10 Best…
The Apple logo, taken at the Apple Store on 5th Avenue in Manhattan. Sven Hoppe | Picture Alliance | Getty Images Wall Street is gearing up for Apple’s third-quarter results after the bell, and users on prediction platform Kalshi are betting on what will be discussed on the iPhone maker’s upcoming earnings call. In the…
President Donald Trump on Thursday said he would not raise U.S. tariffs on Mexican goods beyond their current levels for 90 days, in order to give the neighboring countries time to strike a trade deal. Trump recently threatened to raise the blanket tariff rate on Mexican imports to 30%, up from the 25% duty he…
Backup generator manufacturer Generac has a huge opportunity with data centers, according to Bank of America. “Generac’s entry into the data center market marks a multi-year growth inflection, with management calling it the most needle-moving opportunity in decades,” analyst Dimple Gosai told clients in a note Wednesday. Bank of America raised its stock price target…
