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Credit card data shows spending has remained relatively strong, but price sensitivity is rising, especially among lower-income consumers. Travel and experiences continue to see solid demand, but big-ticket home purchases have weakened amid economic uncertainty. Restaurant traffic has struggled as consumers dine out less frequently, citing affordability concerns. Discretionary purchases are under pressure as inflation squeezes budgets and consumers prioritize essentials over items like apparel.
⏲ 0:40 👁 405K
Anticipation for Saturday's Kentucky Derby is reaching fever pitch, but getting a ticket to the iconic event is costing fans a pretty penny. Veuer’s Maria Mercedes Galuppo has the story.
⏲ 0:54 👁 4.1M
D.A. Davidson analyst Gil Luria predicts a significant 28% drop in Nvidia's stock price from $864 to a target of $620 over the next year. Luria predicts major tech companies like Google, Amazon, Meta, and Microsoft will reach GPU capacity needs, reducing demand growth for Nvidia's chips. Some big customers are also turning to Nvidia's rival AMD for AI chips that are claimed to be better than Nvidia's for certain uses. While most analysts are bullish on Nvidia, others share concerns about high expectations not being sustainable and risks from tensions with China.
⏲ 0:40 👁 550K
Yum! Brands, owner of KFC, Taco Bell, and Pizza Hut, reported a 3% decline in same-store sales for the first quarter, which was expected due to inflation, consumer demand pressures, and geopolitical issues. Pizza Hut and KFC saw same-store sales declines of 7% and 2%, while Taco Bell grew by 1%. Starbucks reported a 4% drop in global comparable store sales driven by a 6% transaction decline, as more cautious consumers cut back. McDonald's comparable sales grew just under 2% in the first quarter, as the CEO noted broad consumer price pressures reducing discretionary spending.
⏲ 0:48 👁 1.2M
Goldman Sachs predicts Nvidia stock will surge another 22% as it believes it is still undervalued compared to its peers. Despite nearly doubling this year, Nvidia's valuation is still relatively cheap, given its fast growth rate. Goldman was encouraged by comments from major tech companies that they will increase spending on AI infrastructure in 2025 following elevated investment in 2024. Goldman raised its price target for Nvidia stock to $1100, representing 22% upside from current levels.
⏲ 0:36 👁 120K
Solar-panel installation firms are reporting a four-fold increase in orders in comparison to previous years. Ruth Jackson-Kirby explains how solar can help keep your energy bill down.
⏲ 2:9 👁 115K
When it comes to using the dishwasher vs washing by hand, there’s a clear winner on which is cheaper.
⏲ 2:23 👁 965K
CNBC’s Jim Cramer has expressed his support for the initial public offering of Viking, VIK, despite its high valuation. Cramer, on his show “Mad Money” on Thursday, discussed the IPO of Viking, a luxury cruise line, which is the largest IPO of the year so far. He noted that Viking’s stock is more expensive than its peers but still believes it’s a good investment.
⏲ 1:3 👁 490K
[ Hot Drama ] | 【ENG SUB】After the collapse of the bride price with boyfriend, I married the man in 100 billion!
⏲ 2:21:38 👁 105K
Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.
⏲ 0:43 👁 6.2M
Palantir's stock has risen significantly in the past year, but its first-quarter earnings did not meet investors' expectations, causing a 15% drop in stock price. However, analyst Daniel Ives sees this as a good opportunity to invest in Palantir's AI platform, which is performing well. With a growing client base and shorter sales cycles, Palantir is expected to continue its growth trajectory. Ives has given the company an Outperform rating and a $35 price target, while other colleagues have a more cautious outlook.
⏲ 0:35 👁 85K
Nudist travel company Bare Necessities is partnering with Norwegian Cruise Line for an 11-day \
⏲ 0:41 👁 1.8M
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