Month: August 2024
U.S. recognizes Maduro’s opponent as winner in Venezuela election
President of Venezuela Nicolas Maduro rises his hand during a mass gathering convene by supporters on July 18, 2024 in Caracas, Venezuela. Alfredo Lasry R | Getty Images News | Getty Images The United States on Thursday recognized Venezuelan President Nicolas Maduro’s opponent and opposition candidate Edmundo Gonzalez as the winner of Venezuela’s disputed presidential election, rejecting Maduro’s claim of victory. “Given the overwhelming evidence, […]
Read More
Daily Open: U.S. stocks fall; 10-year Treasury yield drops below 4%; Apple beats Street while Amazon falters
A trader works during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they […]
Read More
Apple is spending more on AI, but remains far behind its Silicon Valley peers
Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024. Source: Apple The topic of greatest interest to analysts on Apple’s quarterly earnings call on Thursday was a product that’s not even available to the general public yet. Apple Intelligence, the company’s forthcoming artificial intelligence system, could spur a fresh cycle […]
Read More
Japan’s Nikkei set for near 4% plunge with Asia markets poised to open lower after Wall Street sell-off
An electronic stock board displayed inside the Kabuto One building in Tokyo, Japan, on Thursday, June 27, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set to open lower on Friday with Japan’s Nikkei 225 futures pointing to a near 4% plunge for the index, extending losses from Thursday, after Wall Street sell-off […]
Read More
Amazon says distraction of Olympics, Trump assassination attempt contributed to weak forecast
Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon is pointing to an unusually busy news cycle as one of the drivers behind its weak revenue forecast. On a call with reporters following the […]
Read More
Biotech and more: Hold these growth stocks for the next 10 years, the pros say
Growth stocks have been volatile, with tech names going through wild swings in recent weeks. The S & P 500 and the Nasdaq on Wednesday jumped to their best session since February, after both indexes dived to a low not seen since 2022 as tech stocks sold off. U.S. Federal Reserve kept interest rates unchanged […]
Read More
Stock futures slip after Amazon posts results, traders brace for July payrolls report: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images U.S. stock futures slid on Thursday night as traders considered fresh results from Amazon and Intel. Investors also looked ahead to July’s payrolls […]
Read More
Stocks making the biggest moves after hours: Apple, Amazon, Intel, Snap and more
Customers are trying on and learning about Apple Vision Pro headsets at an Apple store in Shanghai, China, on July 22, 2024. Costfoto | Nurphoto | Getty Images Check out the companies making headlines in extended trading: Intel — The chip stock sank 17%. Intel said it would suspend its dividend in the fiscal fourth […]
Read More
DoorDash shares pop 13% on second-quarter revenue beat
A DoorDash driver on an electric bicycle wearing a cooler backpack with the skyline of San Francisco in the background. Smith Collection | Gado | Getty Images Shares of DoorDash popped 13% in extended trading on Thursday after the company reported second-quarter results that beat analysts’ expectations for revenue. Here is how the company did, […]
Read More
Block reports better-than-expected earnings for second quarter
Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 93 cents adjusted vs. 84 cents expected Revenue: $6.16 billion vs. $6.28 billion expected Block, formerly known as Square, posted $2.23 billion […]
Read More