Month: July 2024
Stocks making the biggest moves after hours: WD-40 Company, Costco and more
Check out the companies making headlines after the bell : WD-40 Company — Shares gained 11% after the maker of metal lubricants reported fiscal third-quarter results that beat analysts’ expectations. WD-40 posted earnings of $1.46 per share on revenue of $155 million, higher than the earnings of $1.39 per share on revenue of $145.8 million […]
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Costco hikes membership fee for the first time since 2017
Customers exit a Costco store in Teterboro, New Jersey, on June 28, 2023. Kena Betancur | Corbis News | Getty Images You will soon have to pay more if you want to shop at Costco. The membership-based warehouse club said Wednesday that it will increase its membership fee by $5 in the U.S. and Canada […]
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Key inflation report looms on Thursday as traders grow more confident in Fed rate cut
An Aldi supermarket in Alhambra, California, on June 27, 2024. Eric Thayer | Bloomberg | Getty Images A widely anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming months. The consumer price index, or CPI, report for June is due out at 8:30 a.m. ET. Recent […]
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NASA still expects Boeing’s Starliner to return astronauts from ISS, but notes SpaceX backup option
NASA astronauts Butch Wilmore (R) and Suni Williams, wearing Boeing spacesuits, depart the Neil A. Armstrong Operations and Checkout Building at Kennedy Space Center for Launch Complex 41 at Cape Canaveral Space Force Station in Florida to board the Boeing CST-100 Starliner spacecraft for the Crew Flight Test launch , on June 5, 2024. Miguel […]
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Musk says next Neuralink brain implant expected soon, despite issues with the first patient
Jonathan Raa | Nurphoto | Getty Images Elon Musk said Wednesday that his brain tech startup Neuralink hopes to implant its system in a second human patient within “the next week or so.” Executives also said the company is making changes to try and reduce the hardware problems it encountered with its first participant. Neuralink […]
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FTC to sue drug middlemen over prices of medications including insulin
FTC Chairwoman Lina Khan testifies during the House Appropriations Subcommittee on Financial Services and General Government hearing titled “Fiscal Year 2025 Request for the Federal Trade Commission,” in Rayburn Building on Wednesday, May 15, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Federal Trade Commission is planning to sue three large U.S. […]
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The best small- and midcap stocks to buy this summer, according to Oppenheimer
With the second half of the year underway, Oppenheimer is highlighting what it calls its top small- and midcap seasonal standout investment ideas. Smallcap stocks have underperformed the S & P 500 this year, with the Russell 2000 virtually unchanged, up a scant 0.12% through Tuesday. The broad market index, however, has advanced around 17%. […]
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Goldman says investors should start shifting out of cash. Here’s where it sees opportunity
Investors enjoying juicy yields on their cash should start preparing to shift their strategy, according to Goldman Sachs. People piled into cash instruments such as Treasury bills and money market funds as the short end of the yield curve rose alongside Federal Reserve interest rate increases starting in early 2022. Now, some $6.15 trillion is […]
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HubSpot shares plunge 11% on report that Alphabet is shelving interest in acquiring software company
HubSpot CEO Yamini Rangan speaks at the company’s Inbound conference in Boston on Sept. 6, 2023. Chance Yeh | HubSpot | Getty Images HubSpot shares plunged 11% on Wednesday after a report said Alphabet isn’t going forward with plans to buy the software company. According to Bloomberg, Alphabet was in talks with HubSpot earlier this […]
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Senators strike bipartisan deal for a ban on stock trading by members of Congress
Senator Jeff Merkley (D-OR) speaks alongside members of the U.S. Senate Banking, Housing, and Urban Affairs Committee during a news conference to discuss the details of the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act at the U.S. Capitol in Washington, D.C., U.S., April 18, 2023. Sarah Silbiger | Reuters A bipartisan group of […]
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