Day: July 22, 2024
Asia-Pacific markets set for higher open, tracking Wall Street gains
A general view of the Lotte tower amid the the Seoul city skyline and Han river during sunset. Ed Jones | Afp | Getty Images Asia-Pacific markets are set to open higher on Tuesday, tracking gains on Wall Street. Futures for Australia’s S&P/ASX 200 stood at 7,956, slightly higher than the index’s last close of 7,931.7. […]
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Avoid the ‘Magnificent 7’ and buy these lesser-known stocks instead, wealth manager says
The so-called “Magnificent Seven” were among the hottest stocks last year, but one wealth manager says they are “wildly overvalued” and has his sights elsewhere. “There is a possibility that the Magnificent Seven will continue to grow and generate positive returns for investors in the next decade, but I don’t think that’s the case with […]
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These 2 stocks and an ETF will gain whoever wins the U.S. election, says fund manager
As the United States presidential election nears, there’s one key theme that’s expected to continue regardless of who wins: the reshoring of American manufacturing . Both the Republicans and Democrats have proposed policies that favor bolstering manufacturing in the country – through subsidies or tariffs. And investors are paying attention. Tema ETFs runs the actively […]
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S&P 500 futures are little changed as investors await key earnings reports: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE S&P 500 futures are near flat Monday night, with traders readying for earnings reports from major companies after the benchmark posted its best day in more than a month. Futures tied to the broad index sat near their flatline, as did Nasdaq 100 […]
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Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin funds
Representation of Ethereum, with its native cryptocurrency ether. Dado Ruvic | Reuters The U.S. Securities and Exchange Commission appears to have given the green light for exchange-traded funds that hold ether, the world’s second-largest cryptocurrency. Trading is expected to begin as soon as Tuesday. Several fund issuers submitted additional registration statements Monday afternoon, and exchanges […]
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Google cancels plans to kill off cookies for advertisers
\Trade fair visitors walk past a Google logo at the Google stand at Hannover Messe 2024. Julian Stratenschulte | Picture Alliance | Getty Images After years of delay, Google says it will no longer cancel and replace third-party cookies — a practice long used by advertisers — for its internet browser Chrome. Cookies are small […]
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Republican representatives call on CrowdStrike CEO George Kurtz to testify
Passengers seen waiting after a major disruption in Microsoft Corp.’s cloud services caused widespread flight cancellations and delays at T3 IGI Airport in New Delhi, India, on July 19, 2024. Vipin Kumar | Hindustan Times | Getty Images Republican representatives on Monday called on CrowdStrike CEO George Kurtz to testify in front of the House Committee […]
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Stocks making the biggest moves after hours: Cleveland-Cliffs, Nucor, NXP Semiconductors and more
Check out the companies making headlines in after-hours trading: Cleveland-Cliffs — The steel producer added 1.6%. Cleveland-Cliffs said it was lowering its outlook for capital expenditures and was on pace to hit its target for cost reductions. On the other hand, the company saw $5.09 billion in revenue for the second quarter, under the consensus […]
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Spotify, Tesla among stocks with earnings this week that could see big moves
Second-quarter earnings season is in full swing, and several high-profile companies could see big moves in their stock prices this week once their results are public. CNBC Pro screened FactSet data to find the companies reporting this week that have the biggest expected post-earnings moves, up or down, as implied by pricing in the options […]
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Warner Bros. Discovery tells NBA it intends to match Amazon’s media rights package
Warner Bros. Discovery said Monday it has informed the National Basketball Association that it intends to use its matching rights for a package of games earmarked for another company. Warner Bros. Discovery is targeting the deal between the NBC and Amazon Prime Video, according to a person familiar with the matter. “In an effort to […]
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