Day: July 17, 2024
Asia-Pacific markets set to mostly fall after Nasdaq records its worst day since 2022
Japan’s Nikkei 225 has been the top performer this year, among large economy stock indexes in Asia and many believe that stocks in the region have more room to run in 2024. Marco Bottigelli | Moment | Getty Images Asia-Pacific markets were mostly set to decline after the Nasdaq Composite fell nearly 2.8% overnight — posting […]
Read More
Fund manager picks the stocks and sectors that investors should play right now
Portfolio manager Chad Morganlander named a raft of sector and stock plays for investors right now, and revealed he was bullish on small-cap names. Referring to the performance of the Russell 2000 , a U.S. focused small-cap benchmark, the senior portfolio manager at Washington Crossing Advisors noted that these smaller firms have been on an […]
Read More
Will the rally in small-cap stocks last? Investors share their take — and their picks
Investors are flocking to small-cap stocks right now, driving this segment of the market to new highs this week. The Russell 2000 index hit its highest level of 2,194.46 on Monday since January 2022 when the index traded as high as 2,196.74, according to CNBC analysis. The index, which comprises small-cap companies in the U.S. […]
Read More
Biden tests positive for Covid, cancels speech in Las Vegas
U.S. President Joe Biden walks across the South Lawn to board Marine One for travel to Nevada from the White House in Washington, U.S., July 15, 2024. Leah Millis | Reuters President Joe Biden tested positive for Covid-19 on Wednesday, the White House said. The president, who was delivering speeches in Las Vegas, “is experiencing […]
Read More
Stock futures rise slightly after Nasdaq’s worst day since 2022: Live updates
Traders work on the floor at the New York Stock Exchange on June 14, 2024. Brendan Mcdermid | Reuters U.S. stock futures inched higher Wednesday evening after the Nasdaq Composite‘s worst session since 2022 amid investors’ rotation out of big tech high-flyers. Dow Jones Industrial Average futures rose 48 points, or 0.12%. S&P 500 futures […]
Read More
Stocks making the biggest moves after hours: United Airlines, Discover Financial Services, Kinder Morgan and more
Check out the companies making headlines in after hours trading. Discover Financial Services — Shares rose 2.7% after Discover Financial Services reported results from its second quarter. The bank and payments company posted net interest income of $3.52 billion, topping the FactSet consensus estimate of $3.46 billion. Earnings came in at $6.06 per share, beating […]
Read More
Darden Restaurants to acquire Chuy’s for approximately $605 million
Igor Golovniov | Getty Images Darden Restaurants will acquire Chuy’s Holdings for approximately $605 million in cash, the companies announced jointly on Wednesday. Darden agreed to acquire all outstanding shares of Chuy’s at $37.50 per share, according to a press release. The Tex-Mex restaurant chain joins Darden’s portfolio that includes restaurants such as Olive Garden, […]
Read More
Here’s why international buyers are pulling way back from the U.S. housing market
International buyers of U.S. residential real estate are running into the same hurdles as domestic buyers — namely high prices and tight supply — but they’re also up against a strong U.S. dollar, which makes the properties even more expensive for them. As a result, international buyers are pulling out. They purchased 54,300 existing homes […]
Read More
RNC Day 3 live updates: JD Vance’s big night and Trump foreign policy in the spotlight
Biden says he might drop out if a ‘medical condition’ emerged U.S. President Joe Biden boards Air Force One at Joint Base Andrews in Maryland, U.S., July 15, 2024. Tom Brenner | Reuters President Joe Biden said he might reconsider whether to stay in the race against GOP nominee Donald Trump if his doctors told […]
Read More
United Airlines profit jumps 23%, but third-quarter forecast disappoints amid industry overcapacity
United Airlines planes at Denver International Airport. Leslie Josephs | CNBC United Airlines‘ second-quarter profit rose more than 20% from last year as strong demand for international travel boosted the carrier’s results, but its third-quarter forecast came in shy of estimates as an oversupply of flights weighs on fares. United said Wednesday that it expects […]
Read More