Day: October 22, 2024
Value vs. growth stocks: The pros predict which will outperform amid lower rates
Investors often get bullish on stocks when interest rates start inching lower. That certainly was the case as markets anticipated the start of the U.S. Federal Reserve’s easing cycle, which kicked off with a jumbo cut last month . The S & P 500 stock index is around 24% higher year-to-date and up 40% over […]
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Stock futures slide after S&P 500 posts first back-to-back decline since early September: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Brendan McDermid | Reuters Stock futures fell on Tuesday evening after the S&P 500 posted its first back-to-back loss since early September. Futures linked to the broad market index lost nearly 0.14%. Dow futures slid […]
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WNBA Finals Game 5 draws highest viewership in 25 years
The New York Liberty celebrate after wining the 2024 WNBA Championship against the Minnesota Lynx during Game 5 of the 2024 WNBA Finals on October 20, 2024 at Barclays Center in Brooklyn, New York. David Sherman | National Basketball Association | Getty Images It was a big finish for the 2024 WNBA season. The fifth […]
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Stocks making the biggest moves after hours: McDonald’s, Seagate Technology, CoStar Group and more
Check out the companies making headlines in extended trading: Texas Instruments — The semiconductor company added 2%. Third-quarter results topped analysts’ estimates, as Texas Instruments reported earnings of $1.47 per share on revenue of $4.15 billion. Analysts sought earnings of $1.38 per share and revenue of $4.12 billion, per LSEG. Seagate Technology — The data […]
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McDonald’s shares fall after CDC says E. coli outbreak linked to Quarter Pounders
A McDonalds located on Route 66 in Azusa, California, on April 1, 2024. Robert Gauthier | Los Angeles Times | Getty Images McDonald’s shares dropped in extended trading Tuesday after the Centers for Disease Control and Prevention said an E. coli outbreak linked to McDonald’s Quarter Pounder burgers has led to 10 hospitalizations and one […]
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Giuliani ordered to hand over NYC apartment, Mercedes, luxury watches to defamation victims
Rudy Giuliani, the former personal lawyer for former U.S. President Donald Trump, speaks to the press as he leaves the E. Barrett Prettyman U.S. District Courthouse on December 11, 2023 in Washington, DC. Drew Angerer | Getty Images Former Donald Trump attorney Rudy Giuliani must hand over his ritzy Manhattan apartment, his collectible Mercedes-Benz and […]
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Starbucks shares slide after coffee chain says sales fell again, suspends outlook
Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022. Carlo Allegri | Reuters Starbucks on Tuesday posted preliminary quarterly results, which showed its sales fell again as the coffee chain tries to execute a turnaround. “Our fourth quarter performance makes it clear that we need to fundamentally change our […]
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Amazon to shut down speedy brick-and-mortar delivery service
Amazon Flex driver Ricardo Escalona works to deliver his same day orders during Cyber Monday from an Amazon fulfillment center on November 27, 2023 in Tampa, Florida. Octavio Jones | Getty Images News | Getty Images Amazon is shutting down a service that offers same-day delivery from mall and brick-and-mortar retailers, CNBC has learned. The […]
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Danaher returns a key business to growth, and we’re raising our stock rating back to buy
Danaher shares declined Tuesday despite the life sciences company returning its key bioprocessing business to growth in the third quarter. Danaher’s revenue for the three months ended Sept. 27 advanced 3% year over year on a reported basis, to $5.8 billion, outpacing the LSEG consensus estimate of $5.59 billion. On an organic basis, sales were […]
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Amazon-backed Anthropic debuts AI agents that can do complex tasks, racing against OpenAI, Microsoft and Google
Dario Amodei, co-founder and CEO of artificial intelligence startup Anthropic. Chesnot | Getty Images Anthropic, the Amazon-backed AI startup founded by former OpenAI research executives, announced Tuesday that it’s reached an artificial intelligence milestone for the company: AI agents that can use a computer to complete complex tasks like a human would. Anthropic is the company […]
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