Month: July 2022
Jim Cramer’s week ahead: Fed’s actions could lead to market rally with big earnings on deck
CNBC’s Jim Cramer on Monday told investors that the Federal Reserve’s actions this week could lead to a bull market. “If [Fed Chair] Jerome Powell says, ‘we’re getting a 75 basis point rate hike and then we’ll see what happens’ … then you might get a rip-snorting rally,” the “Mad Money” host said. “On the […]
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Walmart’s profit warning shows inflation is still a big problem. Here’s our take
One would have thought that a Walmart guidance cut was already priced into the stock. But clearly, it was not. Source
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Senate postpones key vote on bill to fund U.S.-made computer chips due to thunderstorms
A technologist inspects a computer chip. Sefa Ozel | Getty Images Severe weather will delay the Senate’s push to quickly pass funding to bolster domestic semiconductor manufacturing and boost U.S. competitiveness with China, Senate Majority Leader Chuck Schumer, D-N.Y., said Monday. The bill was expected to clear a key procedural hurdle in the Senate on […]
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Stock futures fall after Walmart cuts forecast, says inflation hit consumer spending
Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE U.S. stock futures fell on Monday night after Walmart cut its profit forecast, sending retail stocks tumbling after hours. Dow Jones Industrial Average futures fell by 133 points, or 0.4%. S&P 500 and Nasdaq 100 futures declined 0.3% and 0.4%, […]
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Amazon sinks after Walmart lowers profit outlook on inflation concerns
The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters Shares of Amazon fell more than 4% in extended trading on Monday after Walmart said it was lowering its quarterly and full-year profit guidance. Walmart announced after the bell on Monday that it now expects adjusted […]
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Stocks making the biggest moves after hours: Walmart, Target, Whirlpool and more
People talk outside a Wal-Mart Pickup-Grocery store in Bentonville, Arkansas. Rick Wilking | Reuters Check out the companies making headlines after hours. Walmart — Shares dropped more than 8% in extended trading Monday after the retailer lowered its quarterly and full-year profit forecast, citing sharply rising food inflation that is hurting consumer spending on general […]
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Walmart cuts profit guidance as it sees slower growth due to inflation
Walmart on Monday cut its quarterly and full-year profit guidance, saying inflation was changing how its customers spend. The big-box retailer said it now expects same-store sales to rise by about 6% in the second quarter, excluding fuel, as consumers buy more groceries instead of higher margin discretionary items. Shares of the company fell about […]
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13 of our companies report earnings this week. Here’s what Wall Street expects
Traders work on the floor of the New York Stock Exchange (NYSE) on January 18, 2022 in New York City. The Dow Jones Industrial Average fell nearly 500 points in morning trading as investors weigh quarterly earnings and other economic news in a shortened trading week. Spencer Platt | Getty Images Source
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Stocks making the biggest moves midday: Newmont, World Wrestling Entertainment, Ryanair & more
Ryanair planes are seen at Dublin Airport, following the outbreak of the coronavirus disease (COVID-19), Dublin, Ireland. Jason Cairnduff | Reuters Check out the companies making headlines in midday trading Monday. Newmont — Newmont shares tumbled 13.2% after the mining company reported a disappointing second-quarter profit. The company reported earnings of 46 cents per share, […]
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Senate moderates Manchin and Murkowski both test positive for Covid
U.S. Senator Joe Manchin (D-WV) listens to Sen. Lisa Murkowski (R-AK) as they walk together in the Senate subway at the U.S. Capitol in Washington, U.S., October 6, 2021. Evelyn Hockstein | Reuters WASHINGTON — A resurgence in Covid cases across the nation could impede progress on key bills in the U.S. Senate this week […]
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