Month: November 2022
Stocks making the biggest moves midday: Tupperware, Airbnb, Paramount, Estee Lauder and more
In this article CVS EA AMD BA Follow your favorite stocksCREATE FREE ACCOUNT An employee of Tupperware Brands Corporation is at work on the production line at the group’s plant in Joue-les-Tours, centre France, on the day of its 40th anniversary. AFP PHOTO / JEAN-FRANCOIS MONIER (Photo credit should read JEAN-FRANCOIS MONIER/AFP/Getty Images) Jean-Francois Monier […]
Read More
Ferrari raises its 2022 guidance again on red-hot demand for sports cars
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Wednesday again raised its guidance for the full year after shipments, revenue and earnings per share all rose by double-digit percentages during the third quarter. Still, […]
Read More
Companies are blaming a new culprit for earnings woes: Electricity costs
Companies continue to battle inflation on a variety of fronts, but a new source is increasingly being called out: electricity costs. Raw materials, packaging, transportation and labor cost pressures all remain significant issues. But this earnings season, a number of companies have cited notably higher electricity costs over the summer that put pressure on operating […]
Read More
2 takeaways from our daily meeting: Stocks await Fed decision, Club earnings recap
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Fed decision ahead Quick takes on Club earnings 1. Fed decision ahead Stocks edged down Wednesday ahead of the Federal Reserve’s decision on interest rate increases, set for this afternoon. […]
Read More
Political advertisers shift spending from Facebook to streaming platforms ahead of midterms
A woman walks past a polling station during early voting for the US midterm elections on October 28, 2022 in Silver Spring, Maryland. Brendan Smialowski | AFP | Getty Images In the 2020 election cycle, the Democratic Governors Association spent roughly 75% of its advertising budget on Facebook, taking advantage of the app’s ubiquity and […]
Read More
Washington Commanders owner Dan Snyder hires Bank of America to explore possible sale
Team co-owners Dan and Tanya Snyder pose for a photo with current team members and alumni during the announcement of the Washington Football Team’s name change to the Washington Commanders at FedExField on February 02, 2022 in Landover, Maryland. Rob Carr | Getty Images Washington Commanders owner Dan Snyder has hired Bank of America to […]
Read More
North Korea launches 23 missiles as Kim Jong Un climbs the ‘escalation ladder’
People today check out a tv monitor showing a news broadcast with file footage of a North Korean missile exam, at a railway station in Seoul on November 2, 2022. Jung Yeon-je | AFP | Getty Photos SEOUL, South Korea — North Korea fired extra than 20 ballistic missiles on Wednesday, a file, sending citizens of a South […]
Read More
Stocks fall as Wall Street prepares for Fed rate decision
Decliners lead advancers 3-1 at NYSE Market breadth was negative in early trading, with roughly three New York Stock Exchange-listed stocks declining for every advancer. Overall, 2,006 NYSE-listed names fell, while just 0746 advanced. — Fred Imbert Energy leading stocks lower The S&P 500 energy sector lagged in early trading Wednesday, falling about 1.7%, as […]
Read More
Banned Twitter consumers will not return for at the very least another couple months, Musk states
In this illustration, Elon Musk’s Twitter account is exhibited on the monitor of a cellular mobile phone with the Twitter symbol in the background. A whistleblower’s grievance that Twitter misled federal regulators about the firm’s safety risks could present Elon Musk with fresh new ammunition in his bid to get out of buying the corporation […]
Read More
Paramount Global shares slide as results miss and TV revenue falls
Paramount Global on Wednesday reported third-quarter revenue that was up 5% from a year ago, but the results missed expectations as it suffered from cord cutting and a drop in advertising revenue. Its shares were down about 10% on Wednesday. Here’s what the company reported compared with analysts’ expectations, according to Refinitiv: Adjusted EPS: 39 […]
Read More