Month: May 2022
Stocks making the biggest moves premarket: Macy’s, Twitter, Medtronic and more
Check out the companies making headlines before the bell: Macy’s (M) – Macy’s surged 15% in the premarket after reporting better-than-expected profit and revenue for the first quarter and raising its full-year earnings forecast. Results got a boost from strong apparel demand as people returned to work and other out-of-home activities. Dollar General (DG) – […]
Read More
Top financiers and millionaires just met up in the Swiss Alps. And the mood was terrible
The world’s financial elite gathered in Davos, Switzerland this week, and a darkening global economic outlook was the number one talking point. Source
Read More
Watch CNBC’s full interview with Clear CEO Caryn Seidman-Becker
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Clear CEO Caryn Seidman-Becker joins CNBC’s ‘Squawk Box’ to break down the biometric screening company’s expectations for the travel summer season. Seidman-Becker also breaks down how the company is ramping up hiring and expanding beyond airports. “We expect almost 100% increase in […]
Read More
Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape
A person walks past a Macys store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images Macy’s on Thursday reported fiscal first-quarter profits and sales ahead of analysts’ expectations, as shoppers returned to malls to shop for new outfits, luggage and luxury goods in spite of decades-high inflation that has […]
Read More
We’re expecting ‘incredibly strong’ travel this summer, says Clear CEO Caryn Seidman-Becker
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Clear CEO Caryn Seidman-Becker joins CNBC’s ‘Squawk Box’ to break down the biometric screening company’s expectations for the travel summer season. “We expect almost 100% increase in volumes from 2019 through Clear lanes,” Seidman-Becker tells CNBC. Source
Read More
Broadcom announces plans to buy VMware in $61 billion deal
Hock Tan, chief executive officer of Broadcom Martin H. Simon | Bloomberg | Getty Images Broadcom will buy VMware in a cash-and-stock transaction valued at $61 billion, based on the closing price of Broadcom common stock on May 25, 2022, the companies announced on Thursday. The deal would be one of the largest technology acquisitions […]
Read More
Jefferies cuts Tesla price target, cites ‘uncomfortable pile up of negative news’
The firm still holds a buy rating on shares of Tesla, despite the recent underperformance. Source
Read More
Over $50 for a burrito? World’s elite splash the cash on snacks at Davos
The burrito in the Steigenberger Grandhotel Belvedere came with a side of salsa and guacamole. CNBC DAVOS, Switzerland — Hungry attendees at this year’s World Economic Forum may have found some of the food a little hard to stomach, with some eye-popping prices in some locations. Just a stone’s throw away from the main Davos […]
Read More
Buy Lululemon as the athleisure brand is well-positioned to ride a recession and shares are cheap, Morgan Stanley says
While the macro environment is looking murky for many apparel retailers, Lululemon is better-positioned than some of its peers to weather the storm, Morgan Stanley said Thursday. Analyst Kimberly Greenberger upgraded the stock to overweight from equal weight, saying in a note to clients that risks are already priced into the athleisure brand. She added […]
Read More
China holds an unprecedented massive videoconference on the economy
Chinese Premier Li Keqiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, addressed multiple levels of government during a meeting Wednesday. In this picture, Li chairs a symposium on stabilizing growth, held in southwest China’s Yunnan Province, May 18, 2022. Xinhua News Agency | […]
Read More