Day: August 7, 2024
The S&P 500 made big swings this week. Here’s how stocks usually trade in August
U.S. stock markets had their worst day since September 2022 this week, but to some investors, such moves shouldn’t come as a surprise. That’s because the S & P 500 often experiences its most volatile day of the year in August, a CNBC Pro study has revealed. Fears of a U.S. recession were the main […]
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Warner Bros. Discovery stock falls as it writes down $9.1 billion, misses estimates
A sign outside of the Warner Brothers Discovery Techwood Turner Broadcasting campus is seen on June 26, 2024 in Atlanta, Georgia. Kevin Dietsch | Getty Images Warner Bros. Discovery‘s stock dropped Wednesday after it reported a $9.1 billion write-down on its TV networks and missed analyst estimates on revenue. Here is how Warner Bros. Discovery […]
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Harris running mate Gov. Tim Walz owns no stocks, bonds or real estate, disclosure shows
Minnesota Gov. Tim Walz, the running mate of Democratic presidential candidate Vice President Kamala Harris, speaks during a campaign rally in Eau Claire, Wisconsin, Aug. 7, 2024. Kamil Krzaczynski | AFP | Getty Images Minnesota Gov. Tim Walz, the Democratic running mate of Vice President Kamala Harris, owns no stocks, bonds or real estate, according […]
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Taylor Swift concerts in Vienna canceled after Austrian police say foiled terror plot targeted shows
Taylor Swift performs onstage during “Taylor Swift | The Eras Tour” at Olympiastadion on July 27, 2024 in Munich, Germany. (Photo by Thomas Niedermueller/TAS24/Getty Images for TAS Rights Management ) Thomas Niedermueller | Getty Images Entertainment | Getty Images Taylor Swift’s Eras Tour shows in Vienna have been canceled due to what Austrian police say […]
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‘Mag 7’ stocks are cheap and a buy after sell-off as long as no recession, Morgan Stanley says
Stocks tried to claw back some gains on Wednesday, but the morning’s rally fizzled as Nvidia and other megacap technology stocks sold off in the afternoon. Nvidia shares ended the day down 5.1%, while Tesla tumbled 4.4%. Meta Platforms shed about 1.1%, while Microsoft slipped 0.3%. All told, the tech-heavy Nasdaq Composite closed down 1.1% […]
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Harris antitrust policy would prioritize business growth and competition, says Maryland Gov. Wes Moore
Vice President Kamala Harris would prioritize small business growth and large industry competition in shaping her own antitrust and regulatory policy if she wins the presidency in November, Maryland’s Democratic Gov. Wes Moore said Wednesday. “Making sure that we are both supporting our small businesses and making it easier for small business to be able […]
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As inflation fury lingers, politicians join customers in pushing companies to cut prices
Kroger, Walmart, and McDonald’s. Beata Zawrzel | Nurphoto | Brandon Bell | Getty Images | Kamil Krzaczynski | Reuters Expensive Big Mac meals and fears of surge pricing at grocery stores have put food chains and consumer product companies in politicians’ crosshairs. Walmart, McDonald’s and Kroger are just a few of the companies that have […]
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Jamie Dimon says he still sees a recession on the horizon
Key Points JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the economy are around 35% to 40%, making recession the most likely scenario in his mind. When asked by CNBC’s Leslie Picker if he had changed his view from earlier this year that markets were […]
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Ether pulls back again following slight rebound with other risk assets: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Nick Cowan […]
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Eli Lilly reports earnings Thursday. Here’s what Wall Street is watching
Investors want to know whether Eli Lilly is seeing the same pricing pressures on its blockbuster weight loss drug Zepbound that Novo Nordisk experienced with its competing drug Wegovy in the second quarter. Novo Nordisk shocked investors on Wednesday when its latest results fell short of Wall Street’s expectations. Shares are reeling, down 8%, after […]
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