Month: August 2024
Kamala Harris has a murky antitrust record. Wall Street sees an opportunity
Democratic presidential candidate, U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center on July 30, 2024 in Atlanta, Georgia. Megan Varner | Getty Images Wall Street dealmakers said they believe Vice President Kamala Harris, if she were to win the November presidential election against Donald Trump, is a […]
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Stocks making the biggest moves midday: Shake Shack, C.H. Robinson, Mobileye Global and more
Check out the companies making headlines in midday trading: Shake Shack — The stock gained more than 15% after the burger chain’s revenue topped estimates. Shake Shack earned 27 cents per share, excluding items, on revenue of $316 million, above the LSEG estimate of $314 million. Shake Shack also narrowed its full-year revenue estimate to […]
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Putin’s Trader: How Russian hackers stole millions from U.S. investors
WASHINGTON — The White House announced a massive, multinational prisoner swap Thursday between the United States, Russia and other nations. As part of the historic deal, the Russian government released high-profile Americans held in captivity there, including Wall Street Journal reporter Evan Gershkovich, who had been in a Russian prison for more than a year. […]
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CNBC’s Inside India newsletter: Can India’s hot deal-making season extend to a free trade agreement?
Customers browse the S1 Pro electric scooter of Ola Electric Mobility Pvt. at the launch event of Ola Experience Center in Bengaluru, India, on Sunday, Nov. 27, 2022. Ola opened three showrooms called Ola Experience Centres in Bengaluru on Sunday. Photographer: Samyukta Lakshmi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images This report is […]
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Investors should wait before chasing Meta here, according to the charts
While this week’s earnings announcement from Meta Platforms (META) certainly encourages optimism for this leading growth name, a review of the technical conditions suggests that META still has much to prove for the bulls to declare victory. META has been decidedly rangebound since the first quarter, fluctuating between support in the $430-$440 range and resistance […]
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10-year Treasury yield falls below 4% for the first time since February
Traders work on the floor of the New York Stock Exchange on July 24, 2024. Spencer Platt | Getty Images Treasury yields fell Thursday as investors digested comments from Federal Reserve Chair Jerome Powell, who suggested a September rate cut was on the table, along with a jump in U.S. jobless claims. The benchmark 10-year […]
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UConn basketball’s Paige Bueckers to sign NIL deal with Unrivaled league, receive equity stake
Paige Bueckers #5 of the UConn Huskies shoots the ball in the second half during the NCAA Women’s Basketball Tournament Final Four semifinal game against the Iowa Hawkeyes at Rocket Mortgage Fieldhouse on April 05, 2024 in Cleveland, Ohio. Steph Chambers | Getty Images University of Connecticut star Paige Bueckers will sign a name, image […]
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It turns out that bad news for the economy may actually be bad news for the stock market
There was a perverse view this year that bad economic news was actually good news for the stock market, as the heat coming off the economy would give the Federal Reserve the greenlight to cut interest rates. This made some sense with inflation for the first time in a while becoming the primary market bogeyman […]
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Apple set to report fiscal third-quarter earnings after the bell
Apple’s third quarter, which ends in June, is traditionally the company’s slowest quarter of the year by sales. This year, the “main event” won’t be Apple’s earnings, wrote Barclays analyst Tim Long, it’s what the company says about the September quarter, which is nearly one-third over. Here’s what Wall Street expects from Apple, according to LSEG […]
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Amazon to report quarterly earnings after the close
Amazon CEO, Andy Jassy speaking with CNBC’s Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023. CNBC Amazon is set to report second-quarter earnings after the bell on Thursday. Here’s what analysts polled by LSEG are expecting: Earnings per share: $1.03 Revenue: $148.56 billion Wall Street is also looking at these key […]
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