Month: September 2024
Stocks making the biggest moves midday: Micron, Tesla, Ulta, Intel and more
Check out the companies making headlines in midday trading: Micron Technology — Micron edged 2.7% higher after JPMorgan reiterated the stock as overweight ahead of the memory chipmaker’s earnings, which are expected Wednesday after market close. Analyst Harlan Sur anticipates Micron’s results will be boosted by strong artificial intelligence and server demand. Tesla — Shares […]
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Trump Media stock scrapes new 52-week low in heavy trading after DJT lockup lifts
Sopa Images | Lightrocket | Getty Images Shares of Trump Media on Monday sank to their lowest price in over a year, days after majority owner Donald Trump and other company insiders got the green light to start selling their stakes in the Truth Social maker. The stock, which trades as DJT on the Nasdaq, […]
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Luxury stocks slip as fears grow of a prolonged downturn
An advertisement for Hugo Boss AG in Shanghai, China, on Wednesday, May 1, 2024. Bloomberg | Bloomberg | Getty Images LONDON — European luxury stocks tumbled Monday as analysts warned of a deteriorating demand outlook, particularly among high-spending Chinese consumers. Germany’s Hugo Boss was among the worst performers on the Stoxx 600 index by midday, […]
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Southwest Airlines tells staff ‘difficult decisions’ ahead in push to boost profits
A Southwest Airlines plane takes off from Hollywood Burbank Airport on July 25, 2024 in Burbank, California. Mario Tama | Getty Images Southwest Airlines has warned employees that it will have to make “difficult decisions” ahead to boost profits as the carrier faces pressure from activist Elliott Investment Management, which has sought leadership changes at […]
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U.S. billionaire Dan Friedkin agrees to buy EPL soccer club Everton
Seamus Coleman of Everton gives the team instructions during the Premier League match between Everton FC and Burnley FC at Goodison Park on April 06, 2024 in Liverpool, England. Matt Mcnulty | Getty Images Sport | Getty Images LONDON — The investment group run by U.S. billionaire Dan Friedkin on Monday agreed to buy Everton […]
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Would-be Trump assassin Ryan Routh stalked ex-president for month, prosecutors say
Ryan W. Routh, suspected of attempting to assassinate Republican presidential nominee and former U.S. President Donald Trump at his West Palm Beach golf course, stands handcuffed after his arrest during a traffic stop near Palm City, Florida, U.S., September 15, 2024. Martin County Sheriff’s Office | Via Reuters Federal prosecutors on Monday said in a […]
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Biden proposes banning Chinese vehicles from U.S. roads with software crackdown
U.S. President Joe Biden announces increased tariffs on Chinese products to promote American investments and jobs in the Rose Garden of the White House on May 14, 2024 in Washington, DC. Win Mcnamee | Getty Images The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads […]
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Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead
Key Points Minneapolis Fed President Neel Kashkari said Monday that he expects policymakers to dial down the pace of interest rate cuts after last week’s half percentage point reduction. Speaking separately Monday morning, Atlanta Fed President Raphael Bostic indicated he expects the Fed to move aggressively in getting back to a neutral rate. Source
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GM’s EV sales momentum is finally building as new vehicle lineup fills out
Mary Barra, GM chair and CEO, speaks during the unveiling of the Cadillac Celestiq electric sedan in Los Angeles, Oct. 17, 2022. Frederic J. Brown | AFP | Getty Images WARREN, Mich. – If everything had gone to plan for General Motors over the last three years, the Detroit automaker would be well on its […]
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How Foot Locker is waging a comeback after its breakup with Nike
An employee arranges Nike basketball shoes on display at the House Of Hoops by Foot Locker retail store at the Beverly Center in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images During a recent event celebrating Foot Locker’s 50th anniversary in New York City, it was hard to imagine that the legacy sneaker […]
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