Month: July 2022
YouTube has ‘obvious math’ problem as growth slows dramatically from pandemic highs
Susan Wojcicki, CEO of YouTube, speaks at the Atlantic Festival in Washington, DC, on September 25, 2019. Nicholas Kamm | AFP | Getty Images Throughout the pandemic, YouTube was one of Google’s main economic engines, benefiting from a surge in video consumption from people stuck at home trying to stay entertained. All that growth has […]
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Walmart’s slashed profit outlook sends warning about state of the American consumer
A Walmart Inc. logo is displayed on a sign that reads “Everyday Low Price” at a store in Burbank, California, U.S., on Tuesday, Nov. 26, 2019. Patrick T. Fallon | Bloomberg | Getty Images Shares of retailers including Macy’s, American Eagle and Amazon fell Tuesday, a day after Walmart slashed its profit forecast and warned […]
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Cramer’s lightning round: I like Blackstone over Apollo Global
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Logitech CEO says customers will come back in the fall after first-quarter earnings miss
Customers who are spending their summers traveling will come back to purchase tech equipment in the fall, Logitech CEO Bracken Darrell told CNBC’s Jim Cramer on Tuesday. “I think everybody’s doing something this summer, so this is a period when people are out. Our gaming business is down, but I don’t think that’s terribly surprising,” […]
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Stock futures tick up ahead of key Fed decision
Stock futures ticked up in overnight trading as traders await the Federal Reserve’s latest interest rate decision, scheduled to be announced Wednesday afternoon. Futures on the Dow Jones Industrial Average rose by 66 points, or 0.21%. S&P 500 futures gained 0.55% and Nasdaq 100 futures increased 1.06%. Shares of Enphase Energy gained about 6% after […]
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Wait for the market to decline more before putting cash to work, Jim Cramer says
CNBC’s Jim Cramer on Tuesday told investors to wait for the market to retreat more before doing any buying. “The stock market, in its entirety, is still too high, so we have to let the averages come in before putting more money to work,” the “Mad Money” host said. “But it might be worth doing […]
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Twitter says it significantly slowed hiring during the second quarter
The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2022. Brendan Mcdermid | Reuters Twitter said on Tuesday that the company “significantly slowed hiring” in the second quarter. The company disclosed the hiring slowdown in […]
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Apple’s earnings will give a peek into the mindset of the high-end consumer
Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 6, 2022. David Paul Morris | Bloomberg | Getty Images Apple reports earnings on Thursday for the quarter ended in June. The third quarter of Apple’s fiscal year is […]
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CEOs send mixed signals about consumer spending as split emerges between income levels
If the signals you’re getting about the U.S. consumer seem mixed, there could be a very good reason for that: They are. In recent earnings conference calls, CEOs have been presenting more evidence that consumer spending patterns are bifurcating. Despite rampant inflation, the high-end consumer is remaining strong, but the low-end consumer is starting to […]
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Twitter to hold vote on Musk merger on Sept. 13
Sheldon Cooper/SOPA Images | Lightrocket | Getty Images Twitter said that it would hold a shareholder meeting to vote on the company’s $44 billion acquisition by Elon Musk on September 13. The shareholder meeting will commence at 10:00 AM PT, and will be available via a webcast. Shareholders will be able to watch the meeting […]
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