Robert Way Victoria’s Secret ( VSXY ) enjoyed a strong start to the year with first quarter results that exceeded Wall Street’s expectations, fueled by increased customer acquisition, less promotional pricing, and strength across categories, channels, and geographies. The results led the company to raise its sales outlook for the year and set second-quarter guidance that was better than anticipate...
Robert Way Victoria’s Secret ( VSXY ) enjoyed a strong start to the year with first quarter results that exceeded Wall Street’s expectations, fueled by increased customer acquisition, less promotional pricing, and strength across categories, channels, and geographies. The results led the company to raise its sales outlook for the year and set second-quarter guidance that was better than anticipated. “We are increasingly confident in the trajectory of the business. Our teams are executing with greater precision and agility, Victoria’s Secret, PINK, and Beauty are gaining cultural relevance and expanding their customer files, and we have a strong pipeline of product launches, partnerships, and brand moments ahead. We believe we are well positioned to continue building momentum and creating shareholder value,” said Victoria’s Secret CEO Hillary Super. Driven by a 13% increase in comparable store sales and a 15% increase in total sales, the retailer earned a profit of $0.60 per share, significantly above the company’s guidance of $0.20 to $0.30 per share and nearly double Wall Street’s expectations. In the same quarter last year, Victoria’s Secret ( VSXY ) earned a more modest profit of $0.09 per share. For the current quarter, net sales are now seen between $1.59B and $1.615B, an increase of nearly 10% at the midpoint from a year ago and above $1.56B estimates. For FY26, sales guidance was raised 2.6% at the midpoint to a new range of $7.030B and $7.130B versus $6.96B estimates. Shares of Victoria’s Secret are now trading under the new ticker symbol of VSXY and with a gain of more than 46% at Tuesday’s open. More on Victoria’s Secret Victoria's Secret & Co. 2026 Q1 - Results - Earnings Call Presentation Victoria's Secret: Upgrading To A Cautious Hold, Due To The Sustained Demand Victoria's Secret: Bull Case Is Playing Out Nicely Victoria’s Secret Non-GAAP EPS of $0.60 beats by $0.28, revenue of $1.56B beats by $40M Victoria’s Secret Q1 2027 Earnings Preview
If you're like most retirees and counting on Social Security to help you make ends meet as a senior, you need to understand how your benefits are calculated. There's one key detail that determines how big your benefits will be. Here is the most crucial number to know if you want an accurate picture of what Social Security will do for you. Image source: Getty Images. Continue reading
If you're like most retirees and counting on Social Security to help you make ends meet as a senior, you need to understand how your benefits are calculated. There's one key detail that determines how big your benefits will be. Here is the most crucial number to know if you want an accurate picture of what Social Security will do for you. Image source: Getty Images. Continue reading
Diesel stocks in the US risk reaching a critical threshold of 20 days of supply by August if commercial inventories keep declining at the recent pace amid the near-complete closure of the Strait of Hormuz, according to Goldman Sachs Group Inc.’s co-head of global commodities research. “If you look at the last eight weeks, it’s the largest draws in US oil stocks in history,” Goldman’s Daan Struyven...
Diesel stocks in the US risk reaching a critical threshold of 20 days of supply by August if commercial inventories keep declining at the recent pace amid the near-complete closure of the Strait of Hormuz, according to Goldman Sachs Group Inc.’s co-head of global commodities research. “If you look at the last eight weeks, it’s the largest draws in US oil stocks in history,” Goldman’s Daan Struyven said Tuesday on Bloomberg Television’s Surveillance . “Diesel stocks in the US are at the lowest level since 2003.” The global oil market has been upended by the Iran war, with shipments from Persian Gulf producers through the Strait of Hormuz cut to a trickle — leading to the shut-in of millions of barrels of production. While US refiners have been able to help compensate for the shortfall by tapping inventories, a potential inflection point looms ever larger the longer the waterway remains disrupted. “The tightness will be felt very much in the US, too,” Struyven said. US diesel supplies stood at about 28 days for the week ended May 22 , according to the US Energy Information Administration. That was down from about 36 days at the end of January. Diesel fuel prices are up sharply. Deere & Co., the world’s biggest maker of farm machinery, last month faulted soaring fuel and fertilizer costs for sluggish tractor sales. The average US retail price has surged 45% since Feb. 27, to more than $5.43 a gallon, according to the American Automobile Association. Only about 10% to 15% of normal oil volumes, or 2 million to 3 million barrels per day, are making it through Hormuz, he said. But certainty on these figures is challenging as ships turn their transponders off. To help compensate, Goldman is also tracking oil arrivals and inventory data, Struyven said . Before the war, the Hormuz waterway handled about one-fifth of global oil and liquefied natural gas flows. The lack of clarity over the potential extension of the current ceasefire — and the future of flows through Hormuz — ...
With the S&P 500 grinding sideways and Treasury yields keeping income hunters on edge, dividend-paying stocks trading under $40 are getting a fresh look from retail investors who want defensive cash flow without paying a premium. Consumer packaging is about as defensive as the materials sector gets, and one global leader is sitting well below ... Income Safe-Haven Under $40: Why This Packaging Gia...
With the S&P 500 grinding sideways and Treasury yields keeping income hunters on edge, dividend-paying stocks trading under $40 are getting a fresh look from retail investors who want defensive cash flow without paying a premium. Consumer packaging is about as defensive as the materials sector gets, and one global leader is sitting well below ... Income Safe-Haven Under $40: Why This Packaging Giant’s 5.8% Yield Is Mispriced
Funtay/iStock via Getty Images Aluminum futures on the London Metal Exchange rose to its highest in more than four years on Tuesday, and some industry watchers say aluminum's rally is far from done . LME aluminum ( LMAHDS03:COM ) recently traded up 1.3% at $3,765/ton, marking an advance of more than 25% this year. In a sign of tighter markets, cash aluminum contracts were as much as $116.50/ton mo...
Funtay/iStock via Getty Images Aluminum futures on the London Metal Exchange rose to its highest in more than four years on Tuesday, and some industry watchers say aluminum's rally is far from done . LME aluminum ( LMAHDS03:COM ) recently traded up 1.3% at $3,765/ton, marking an advance of more than 25% this year. In a sign of tighter markets, cash aluminum contracts were as much as $116.50/ton more expensive than three-month futures on Tuesday, the biggest premium since 2007, according to Bloomberg. Commodities are facing a " super squeeze " that will worsen if the Strait of Hormuz remains effectively shut , HSBC analysts said in a note. " The longer the strait is closed, the more inventories are run down, the more likely it is that we reach 'tipping points' in the markets for some commodities," HSBC analysts wrote, although knowing exactly when that might happen is hard to determine. For aluminum, "the structural demand story is positive, but a key driver of late has been the damage to smelting capacity in the Middle East," the analysts said, noting the region accounted for ~10% of global output before the conflict began. Up to 3.5M tons of Middle East aluminum production will be lost this year, roughly half the region's recent annual output, Wood Mackenzie analyst Charvi Trivedi told The Wall Street Journal . " We think we could see real physical scarcity of metal over the next six months in Europe or in North America," Alcoa ( AA ) CEO Bill Oplin ger told a Miami conference this month. In addition to Alcoa ( AA ), potentially relevant stocks include Century Aluminum ( CENX ), Kaiser Aluminum ( KALU ), Constellium ( CSTM ), and Rio Tinto ( RIO ). More on Alcoa Alcoa: I Remain Bullish After The Massive Rally Alcoa Presents at Bank of America Global Metals, Mining & Steel Conference 2026 - Slideshow Alcoa Can See Tailwinds Driven By Geopolitical Risk
Jonathan Kitchen Gorilla Technology ( GRRR ) on Tuesday announced the closure of its landmark $2B AI infrastructure deal with Super Micro Computer ( SMCI ) in India. Under the deal, Supermicro will support Gorilla's Yotta project through the delivery of 20,736 B300 cards, 5,120 B200 cards, networking equipment, and related infrastructure. Supermicro will continue to provide its AI server and rack-...
Jonathan Kitchen Gorilla Technology ( GRRR ) on Tuesday announced the closure of its landmark $2B AI infrastructure deal with Super Micro Computer ( SMCI ) in India. Under the deal, Supermicro will support Gorilla's Yotta project through the delivery of 20,736 B300 cards, 5,120 B200 cards, networking equipment, and related infrastructure. Supermicro will continue to provide its AI server and rack-scale infrastructure platforms, while Gorilla will drive infrastructure solutions, managed services, and innovative commercial and financing models to accelerate adoption and scale, the company said. The partnership will aim to focus on hyperscale AI data center buildouts, GPU-as-a-Service (GPUaaS) platforms, sovereign AI and national compute programs, and enterprise-scale AI transformation initiatives In addition to the deal, Supermicro and Gorilla will collaborate further to pursue multi-billion-dollar AI infrastructure opportunities across India and Asia Pacific , including Southeast Asia and other high-growth markets. GRRR shares rose at least 6%, while SMCI jumped 5% following the deal. Source: Press Release More on Gorilla Technology Group, Super Micro Computer Super Micro Computer: The AI Trade That's Still Cheap Gorilla Technology's NeutraDC Deal Changes Everything, And It's Not Yet Priced In Gorilla Technology: A Risky But Improving AI Infrastructure Story Super Micro Computer unveils AMD Helios Platform; collaborates with Arm for energy-efficient rack-scale infrastructure Super Micro Computer working with Taiwanese authorities to prevent illegal smuggling
A shell company linked to Elon Musk has been buying properties in a rural area outside of Houston in recent weeks, suggesting the billionaire is finalizing the location for a planned $55 billion semiconductor plant jointly backed by SpaceX and Tesla Inc. The firm, WIT Tech LLC, has acquired at least six parcels of land in Grimes County totaling more than 6,000 acres, or almost 10 square miles, acc...
A shell company linked to Elon Musk has been buying properties in a rural area outside of Houston in recent weeks, suggesting the billionaire is finalizing the location for a planned $55 billion semiconductor plant jointly backed by SpaceX and Tesla Inc. The firm, WIT Tech LLC, has acquired at least six parcels of land in Grimes County totaling more than 6,000 acres, or almost 10 square miles, according to property records. Financial details weren’t disclosed. Although Musk isn’t identified in the filings, WIT Tech’s most recent annual report with the Wyoming Secretary of State was signed by Jared Birchall , one of Musk’s top lieutenants, and the limited liability corporation lists a mailing address in Palo Alto, California, at the same office where SpaceX’s xAI subsidiary is located. Several of the Texas real estate transactions list James Burnham, the general counsel for xAI, as an authorized representative for WIT Tech. Musk, SpaceX and xAI didn’t respond to requests for comment. WIT Tech representatives didn’t respond to requests sent to the email and phone number listed on the filings. Musk in March detailed plans for the so-called Terafab chip plant , a joint effort involving SpaceX, Tesla and xAI, to support the artificial intelligence and robotics projects across his business empire. He has said the semiconductor industry is moving too slowly to keep up with the amount of chips needed for his initiatives and the broader tech industry, and has warned of geopolitical risks. The factory will cost at least $55 billion, according to a public notice filed in Grimes County last month. The estimated total capital investment could rise to $119 billion if additional phases of the project are completed. While the companies haven’t announced a formal location for the development, Grimes County had been expected to be on the short list following recent public county meetings discussing potential incentives. Read More: SpaceX Flags at Least $55 Billion Investment in Chip ...
Few things move markets more than interest rates. Lower rates can boost stock prices, support home sales, and make borrowing cheaper. Higher rates do the opposite. That’s why investors spend so much time trying to figure out what the Federal Reserve will do next. But when the person expected to lead the Fed was chosen ... Elizabeth Warren Branded Kevin Warsh Trump’s ‘Sock Puppet.’ His First Fed Me...
Few things move markets more than interest rates. Lower rates can boost stock prices, support home sales, and make borrowing cheaper. Higher rates do the opposite. That’s why investors spend so much time trying to figure out what the Federal Reserve will do next. But when the person expected to lead the Fed was chosen ... Elizabeth Warren Branded Kevin Warsh Trump’s ‘Sock Puppet.’ His First Fed Meeting May Prove Her Wrong
Tesla (NASDAQ:TSLA) reported a strong increase in sales of its China-produced electric vehicles during May, with deliveries rising 39. 4% compared with the same period a year earlier as the company continued to expand its presence in the highly competitive Chinese EV market.
Tesla (NASDAQ:TSLA) reported a strong increase in sales of its China-produced electric vehicles during May, with deliveries rising 39. 4% compared with the same period a year earlier as the company continued to expand its presence in the highly competitive Chinese EV market.
Nurphoto | Nurphoto | Getty Images Anthropic on Tuesday said it's expanding Project Glasswing to an additional 150 partners in more than 15 countries as companies test Mythos for software vulnerabilities. The startup said the expansion includes industries that weren't well-represented in the initial launch, such as power, water, healthcare, communications, and hardware. New partners will need to m...
Nurphoto | Nurphoto | Getty Images Anthropic on Tuesday said it's expanding Project Glasswing to an additional 150 partners in more than 15 countries as companies test Mythos for software vulnerabilities. The startup said the expansion includes industries that weren't well-represented in the initial launch, such as power, water, healthcare, communications, and hardware. New partners will need to meet security requirements before gaining access to the model. "This expansion is the next step toward our long-term goals: for AI to make all software more secure, and for us to help the industry adjust to how AI could change many of the core assumptions of cybersecurity," the company said in a blog post. Anthropic rolled out initial testing of Mythos to 50 partners in April after raising concerns about the model's advanced cybersecurity capabilities. Worries that hackers could use Mythos to expose software vulnerabilities led to numerous conversations between the White House , Big Tech and financial institutions. Since launch, Anthropic said Project Glasswing partners have unveiled more than 10,000 high or critical security flaws. Anthropic's Mythos expansion comes a day after the company said it confidentially filed its IPO prospectus with the SEC, beating rival OpenAI to the milestone. The AI lab on Monday also said it would start offering Mythos access to the European Union . This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
CoreWeave Inc. (NASDAQ:CRWV) moved higher in premarket trading on Tuesday, gaining 4% as investors responded to a favorable analyst initiation and continued enthusiasm surrounding artificial intelligence infrastructure companies.
CoreWeave Inc. (NASDAQ:CRWV) moved higher in premarket trading on Tuesday, gaining 4% as investors responded to a favorable analyst initiation and continued enthusiasm surrounding artificial intelligence infrastructure companies.