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CNBC
an hour ago
- CNBC
European markets set to open higher; BP, Diageo earnings coming up
Skyline view of the City of London financial district from the viewpoint in Greenwich Park in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Good morning from London, and welcome to CNBC's live blog covering all the action and business news in European financial markets on Tuesday. Futures data from IG suggests a broadly positive open for European indexes, with London's FTSE 100 seen opening 0.3% higher, France's CAC 40 up 0.1%, Germany's DAX up 0.2%, and Italy's FTSE MIB 0.1% higher. Investors on Tuesday will be assessing more tariff news after U.S. President Donald Trump announced plans to significantly raise tariffs on Indian exports to the U.S. "India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits," Trump wrote on the social media platform Truth Social. India responded by saying it was being "targeted" by the U.S. and the European Union over its imports of Russian oil. India markets slipped at the open as investors kept an eye on trade developments between the U.S. and the South Asian nation. Asia-Pacific markets elsewhere traded broadly higher. U.S. stock futures were slightly higher on Monday night, following a rebound on Wall Street on Monday, as investors followed the latest batch of corporate earnings. — Holly Ellyatt Trowbridge in Somerset, England, on March 15, 2025. Anna Barclay | Getty Images News | Getty Images Investors will be keeping an eye on earnings from BP , Diageo, DHL , Infineon and Banco BPM . Middle Eastern oil giant Saudi Aramco will also release an earnings update. French industrial production data is due. — Holly Ellyatt
Yahoo
2 hours ago
- Yahoo
‘Oh My Goodness!': Watch Elizabeth Warren Shut Down CNBC Host's Empty Mamdani Threats
Sen. Elizabeth Warren (D-Mass.) sparred with CNBC's David Faber on Monday after the host warned about Democratic New York City mayoral nominee Zohran Mamdani's economic agenda: a push for affordable living in the Big Apple paid for by taxes on the rich. Warren — who is now campaigningon behalf of the millennial democratic socialist — hit back at Faber after he argued that New York 'competes with other cities,' thus raising taxes on the city's wealthiest residents 'will simply drive them' and their businesses elsewhere. 'The issue is affordability,' Warren remarked. 'Do you know how many working families are chased out of New York City every day because they can't afford housing, they can't afford groceries, they can't afford child care?' She continued, 'What Zohran is saying is, 'I want people to be able to afford to live in New York City. That's what keeps it a vibrant city. That's what makes people want to live here.' Faber swiftly responded. 'Nobody disagrees with that, senator, but raising taxes in order to do it? Why is that the answer?' he asked. 'Oh my goodness! Oh dear! Are you worried the billionaires are going to go hungry?' Warren jokingly replied. 'No, I'm worried that they're going to leave and spend their money elsewhere,' Faber emphasized. Warren noted that the wealthy have 'threatened to do that over and over again,' later adding that people need to both live and work in a city to keep its streets full and 'vibrant.' After Faber claimed that New York's economy is 'thriving,' Warren took on what she described as the GOP point of view: 'make every city in this country work better and better for a handful of billionaires and let everybody else eat dirt.' 'But what Mamdani won on in a Democratic primary is he said, 'I'm going to address affordability,'' she continued. 'And he didn't win by one vote. He won by a lot.' Mamdani — after shocking Andrew Cuomo in the city's Democratic primary back in June — hasdominated in the polls against the former New York governor and New York Mayor Eric Adams, both of whom have launched independent bids for the mayorship. Mamdani — in response to the Warren-Faber clash in a post to X, formerly Twitter — cited research by the independent, nonpartisan Fiscal Policy Institute that found concerns with affordability played a key role in fueling population loss especially among low- and middle-income families in New York City. Working-class New Yorkers have notably been leaving the Big Apple at 'significantly higher rates' than the rich, nonprofit news outlet New York Focus noted. Related... MAGA Ridicules Elizabeth Warren After Minor Fall On The Senate Floor Texas Dems Prevent Trump-Backed Redistricting Vote Despite Abbott's Threats Trump Melts Down Over 'Crazed Lunatic' Democrats In Escalating Confirmation Feud
Yahoo
3 hours ago
- Yahoo
Earnings To Watch: Remitly (RELY) Reports Q2 Results Tomorrow
Online money transfer platform Remitly (NASDAQ:RELY) will be reporting earnings this Wednesday after the bell. Here's what to expect. Remitly beat analysts' revenue expectations by 4.1% last quarter, reporting revenues of $361.6 million, up 34.4% year on year. It was a strong quarter for the company, with an impressive beat of analysts' EBITDA estimates and full-year EBITDA guidance exceeding analysts' expectations. It reported 8.04 million active customers, up 29.4% year on year. Is Remitly a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Remitly's revenue to grow 25.4% year on year to $384.4 million, slowing from the 30.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Remitly has missed Wall Street's revenue estimates twice over the last two years. Looking at Remitly's peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Robinhood delivered year-on-year revenue growth of 45%, beating analysts' expectations by 7.4%, and Coinbase reported revenues up 3.3%, falling short of estimates by 4.3%. Robinhood traded down 2.9% following the results while Coinbase was also down 16.6%. Read our full analysis of Robinhood's results here and Coinbase's results here. Investors in the consumer internet segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Remitly is down 11.1% during the same time and is heading into earnings with an average analyst price target of $28.17 (compared to the current share price of $16.47). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
