US consumer spending declined in May by the most since the start of the year https://t.co/hSJlLE6F8w ...

US consumer spending declined in May by the most since the start of the year https://t.co/wuDir2JXg1 ...

Core Viewpoint - Carnival Corp reported strong fiscal second-quarter results, exceeding expectations, but shares traded lower amid a challenging market environment [1][2]. Group 1: Analyst Ratings and Price Targets - Goldman Sachs analyst Lizzie Dove maintained a Buy rating and raised the price target from $31 to $33, citing significantly better-than-expected results and conservative guidance [2]. - Stifel analyst Steven M. Wieczynski reaffirmed a Buy rating and increased the price target from $33 to $34, noting gross and net revenues of $6.3 billion and $4.9 billion, respectively, which surpassed consensus estimates [4]. Group 2: Financial Performance and Guidance - Carnival's management raised full-year guidance for adjusted earnings from $1.83 per share to $1.97 per share and for adjusted EBITDA from $6.7 billion to $6.9 billion [4]. - The company indicated that 2026 bookings are approaching record levels, which may alleviate investor concerns regarding cruise demand [5]. Group 3: Market Context and Strategic Positioning - Despite a murky macro and geopolitical environment, Carnival's local European exposure and focus on drive-to/shorter itineraries from the U.S. provide a buffer against potential headwinds [3]. - Analysts highlighted the significant free cash flow generation currently being produced, which will assist in deleveraging Carnival's balance sheet [5].

Visa CEO Ryan McInerney said Tuesday that despite bleak sentiment data and a pullback in sectors like travel, U.S. consumer spending remains overall strong. ...

I want to get your reaction to not only the US stock futures but also the oil market considering what we saw from the president if you go on social media of course. Uh the president posting about the potential for regime change over in Iran saying it's not politically correct but basically uh positing whether or not that might be the right decision there. Surprised that we're seeing such a muted reaction again in equities and in oil after this? It is. I was talking to people over the weekend and I was like, ...

Monetary Policy Impact - The Federal Reserve's actions, whether tightening or easing, significantly influence the economy and investment landscape [1][2] - Interest rate hikes by the Fed can lead to economic slowdown, stock market declines, and reduced business investment [1][3] - Conversely, interest rate cuts can stimulate economic activity by lowering borrowing costs and encouraging spending and investment [4][5] Economic Cycle - Higher interest rates increase borrowing costs for companies and individuals, leading to project cancellations and layoffs [3][4] - Lower interest rates decrease the incentive to save, prompting increased spending and investment in riskier assets [5] - A cycle of increased consumer spending and business expansion can be triggered by Fed easing, leading to job creation and further economic growth [6][7] Sector Analysis - Financials typically benefit from higher interest rates, but not as much from lower rates [6]

[Music] US retail sales fell nearly a full percentage point in May, more than the 610 of a percent that was expected. Does that suggest US consumers are tapped out or an expected outcome after tariff fears drove panic spending. Joining me now, we've got Deborah Wineswig, who is the Corsite Research founder and CEO.Still with me here as well, we've got Peter Chair of Academy Securities. Deborah, good to see you back here with us this morning. First, just want to get your read in on the retail sales data that ...

The results of the CNBC NRF retail monitor for May just released. Let's get to Steve Leeman. He has more on this.Hi, Steve. Hey, Becky. Consumer spending growth slowed in May.Apparent payback from strong April outlays that were propelled by consumers pulling forward purchases ahead of tariffs. And consumers of course could now face new challenges after developments overnight in the Middle East. Uh the CNBC NRF retail monitor.It's powered by real credit card spending data from Affinity Solutions showed a 0.5 ...

Core Viewpoint - Lululemon's shares dropped approximately 20% following a less optimistic earnings report, primarily due to increased costs from tariffs impacting earnings expectations for the year [1][3]. Financial Performance - Lululemon's revenue increased by 7%, but net income fell from $321 million to $314 million year-over-year in fiscal 2025's first quarter [6]. - Earnings per share (EPS) guidance for the year was reduced to a range of $14.58 to $14.78, down from $14.95 to $15.15 [3]. Impact of Tariffs - The weaker outlook is largely attributed to tariffs imposed by the Trump administration, particularly affecting Lululemon's production in Vietnam, where 40% of its manufacturing occurs [4]. - The tariff rate on imports from Vietnam is set at 46%, which is expected to increase production costs for Lululemon [4][7]. Market Conditions - The company faces challenges from rising production costs due to tariffs and potential dampening of sales from premium pricing, especially in a market with weak consumer spending growth [7]. - Comp sales increased only 1%, falling short of Wall Street's expectations of a 3% increase [6]. Valuation - Following the stock's decline, Lululemon's price-to-earnings (P/E) ratio has dropped to around 17, compared to its historical average of 42 [9]. - The stock is currently trading at approximately 18 times forward earnings based on the low end of the new guidance for 2025 [9]. Competitive Landscape - Lululemon operates in a highly competitive apparel market, contending for market share against brands like Nike and Gap [10]. - Price sensitivity is a critical factor in maintaining competitiveness within the industry [10].

Welcome to a new episode of the opening bid podcast. I'm Yahoo Finance executive editor Brian Sazi. Like I always say, this is a podcast will make you a smarter investor, period.And you're going to get smarter on all things uh economy here at this very pivotal moment for the US economy. Joining me now is Visa chief economist Wayne Best. Wayne, good to see you.It's been a while. Last time I saw you in our Yahoo headquarters in New York City, it came with a bunch of charts and tables. So, um, welcome back.App ...