
Tariff Uncertainty 'Enemy' of Economy: Evercore's Schlosstein

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
Clearwater Analytics Strengthens Outlook Through Bloomberg Alliance and Analyst Support
Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is one of the . The company witnesses its Buy rating maintained by analysts following a strategic partnership with Bloomberg. A wide shot of a large financial data center. Headquartered in Idaho, Clearwater Analytics Holdings, Inc. (NYSE:CWAN) offers a cloud-native SaaS platform for automated investment data aggregation, reconciliation, accounting, reporting, and analytics. The company's solutions support over $8.8 trillion in assets daily. In addition to insurers, asset managers, and corporates, the company also serves government clients. On July 9, 2025, Clearwater Analytics Holdings, Inc. (NYSE:CWAN) announced entering into a strategic partnership with Bloomberg to deliver a front-to-back investment solution using an open and modular approach for asset owners and asset managers. The partnership involves combining Bloomberg's front-office workflows with Clearwater's back-office accounting platform, thereby achieving efficiency in streamlining investment management operations. The collaboration with Bloomberg also places the company favorably in front-office Request for Proposal discussions. On June 11, 2025, Oppenheimer lowered the price target on the stock from $40 to $36 while maintaining an Outperform rating. Morgan Stanley reflects the sentiment by maintaining a Buy rating and a price target of $36. Investors interested in purchasing the stock must note the beta of Clearwater Analytics Holdings, Inc. (NYSE:CWAN), which currently stands at 0.73 alongside an EPS growth of 24.07% projected for the next 5 years. While we acknowledge the potential of CWAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Metal Stocks with Insider Buying in 2025 and 10 Energy Stocks with Insider Buying in 2025 Disclosure. None. 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
Yahoo
15 minutes ago
- Yahoo
CNN Panel Erupts Over Trump Attacking Obama: ‘No, I'm Not Gonna Calm Down!'
CNN host Abby Phillip oversaw a heated debate Tuesday over President Donald Trump's recent attacks against former President Barack Obama, which included him sharing an artificial intelligence-generated video of Obama being arrested and in prison. Trump shared the video on Sunday on social media after his director of national intelligence, Tulsi Gabbard, issued a report Friday accusing the Obama White House of a 'treasonous conspiracy' by stating Russia aimed to help Trump win the 2016 presidential election. 'He's accusing a former president of treason, and on top of that, saying ... 'It may not be right, but I'm gonna go after them anyway,'' Phillip said Tuesday. 'What is he talking about? And what kind of country are we living in that is actually what he is doing?' Her panelists quickly clashed over the subject, as Republican consultant Brad Todd argued in a seeming attempt to excuse Trump's behavior that Democrats have accused him of for several years of rigging the 2016 election with Russia's help. 'Oh my God,' replied Keith Boykin, a former White House aide to President Bill Clinton. 'Why are we talking about this? This is not the issue. You're trying to avoid the subject.' Todd noted that a spokesperson for Obama reiterated Tuesday that Russia tried but failed to manipulate any votes in the election. He appeared far angrier about 'every liberal in America' supposedly believing otherwise, however, than about Trump accusing Obama. 'You're doing everything possible not to talk about the fact that the ... current president of the United States, just accused a former president of treason and suggested a prosecution of that former president with no evidence!' Boykin said. 'That is the problem!' Boykin: The current president just accused a former president of treason and suggested a prosecution of that former president with no You can calm down. — Acyn (@Acyn) July 23, 2025 'You can calm down,' Todd responded. 'No, I'm not gonna calm down!' Boykin replied. 'Why don't you talk about that instead of talking about Obama?' Todd argued, 'Because Obama just undid three years of Democrat mythology.' Todd was referencing a statement Tuesday from Obama spokesperson Patrick Rodenbush, who reaffirmed that Russia indeed 'worked to influence' the 2016 election, but did not successfully manipulate any votes, which has been known since at least 2020. '[Russian President Vladimir] Putin and the Russian Government demonstrated a preference for candidate Trump,' a bipartisan Senate Intelligence Report stated at the time. Gabbard's report and the fake video Trump shared only emerged after his ties to Jeffrey Epstein, the late sex offender who died in jail while awaiting trial on federal sex trafficking charges, hit fever pitch — leading many to believe these stunts are mere distractions. 'The problem is, this is what Trump does. He distracts everybody. He's talking about President Obama because he doesn't want to talk about Epstein,' said Boykin. 'He's doing everything possible except talking about Jeffrey Epstein because he's trying to throw up distraction[s] so the people like you,' he added, 'Todd, can come on TV and try to diffuse the issue.' Related... Ex-GOP Strategist Flags The Telling Sign Of What Totally 'Scares' Trump 'Now Do Epstein': Martin Luther King Jr.'s Daughter Takes Aim At Trump Over Released MLK Files Trump-Favoring FCC Chair Takes Aim At Democrats 'Wailing' Over Colbert Cancellation
Yahoo
15 minutes ago
- Yahoo
AT&T poised for a Trump One Big Beautiful Bill Act windfall: Opening Bid top takeaways
When trade uncertainty meets earnings season. Investors have a lot of different threads to pull on today, some bearish and some bullish. Starting with the bullish, President Trump said he has inked a trade deal with Japan. The news is providing confidence that bigger deals with the European Union and China could get done soon. "So when you have the psychological bar that has gotten set low, as was certainly the case in the early part of April, it is easier for the actual data to hurdle that bar," Charles Schwab chief investment strategist Liz Ann Sonders said on Opening Bid regarding the market's positive response to the trade news. Also bullish is AT&T (T) saying on its earnings release that it'll save up to $8 billion from this year to 2027 as a result of the One Big Beautiful Bill. On the bearish side, Hilton (HLT) issued an earnings warning relative to consensus in part because of reduced inbound tourism. And Hasbro (HAS) said it has to take a $1 billion impairment charge in the second quarter because of Chinese tariffs. Here is everything we touched on during Yahoo Finance's Opening Bid on Wednesday. Tune in live daily to Opening Bid at 9:30 a.m. ET. The trade deal counter is beginning to add key names A trade deal with Japan will see the country get stamped with a 15% tariff rate. Shares of automakers like Toyota (TM) soared in response. This is on the heels of a trade agreement with the Philippines and terms with Indonesia being reached. "The better-than-expected outcome with Japan suggests that the administration remains wary of the economic impact if a no-deal scenario leads to retaliatory actions from trading partners," Ulrike Hoffmann-Burchardi of UBS Global Wealth Management explained. Meme mania rolls right along We're seeing a little evolution of the renewed meme stock trade today. Tuesday's hot mover in struggling department store Kohl's (KSS) has been replaced by big moves in Krispy Kreme (DNUT) and GoPro (GPRO) — two struggling brands in their own right. The latest meme activity comes as retail investors look to capitalize on the bullish markets. "The phenomenon of meme stocks isn't going away. I feel like the genie's out of the bottle. And it's just become a way for a certain subset of everyday investors to trade, and that's completely fine," Ritholtz Wealth Management strategist Callie Cox said on Opening Bid. Earnings season is in full swing AT&T called out a huge new profit tailwind from the One Big Beautiful Bill Act. The company expects to realize $6.5 billion to $8 billion of cash tax savings from 2025 to 2027. "We are investing $23 to $24 billion on a go forward basis each year into our network. Historically, we would have had to amortize that capital and take those deductions over time. The bonus depreciation provisions in the bill allow us to expense those immediately," AT&T CFO Pascal Desroches told me by phone. Read more: Live coverage of corporate earnings Going down a floor That's what's happening to the stock price of elevator giant Otis (OTIS). The company issued soft full-year EPS guidance as demand for new equipment weakens. CEO Judy Marks told me by phone today that "new equipment is probably the place where we are finding the most challenges." She added that the new trade deals help give companies like Otis more predictability in managing their business. "I'm encouraged that deals are being reached," she said. "I think that when you have that type of predictability, you can then manage to it, you can lead, and you can mitigate risk. You can improve productivity, you can assess your pricing." On Elon Musk watch Tesla's (TSLA) earnings are out after the close, and CEO Elon Musk has a lot of work ahead to revive its stock. From sharing more specifics on robotaxis to soothing concerns about his political ambitions, Musk has to nail this earnings call. But ultimately, this line from Goldman Sachs analyst Mark Delaney says it all about the Street's current views on Tesla: "Our EPS estimates for 2Q and 2025 for Tesla are below consensus." Jumping onto the Yahoo Finance platform, you can see the concern on Tesla's bottom line. Earnings estimates have tanked, with no bottom in sight. So, to see Goldman Sachs below a severely lowered consensus EPS figure is quite telling! Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email 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