Month: August 2025
Nike to lay off about 1% of corporate staff in its latest effort to refocus the business
A Nike store in Hanoi, Vietnam, on July 3, 2025. Nhac Nguyen | Afp | Getty Images Nike is planning another round of layoffs as part of CEO Elliott Hill’s efforts to realign the business and get it back to growth, CNBC has learned. The cuts will impact less than 1% of Nike’s corporate staff. […]
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Stocks making the biggest moves midday: Nvidia, Pure Storage, Snowflake, Hormel and more
Check out the companies making headlines in midday trading: Nvidia — The graphics processing unit manufacturer slipped more than 1% after its data center revenue came in below estimates for the second straight quarter. However, Nvidia posted a second-quarter earnings and revenue beat. Hormel — The food company’s stock fell more than 13% to a […]
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European Union to remove tariffs on U.S. industrial goods, triggering cuts for EU autos
Rows of Volkswagen ID Buzz electric buses are parked at the National City Marine Terminal, a major port for vehicle imports and exports to the U.S. Kevin Carter | Getty Images News | Getty Images The European Union formally proposed Thursday to remove tariffs on American industrial goods, fulfilling a key element of the U.S.-EU framework […]
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U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought
A shopper holds Macy’s bags outside the company’s flagship store in the Herald Square neighborhood of New York, July 15, 2025. Alan Chin | Bloomberg | Getty Images The U.S. economy grew at a pace that was faster than expected in the second quarter as consumers and businesses held up against tariff volatility. Gross domestic […]
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Best Stocks: Another name to ride the trading boom than Robinhood that’s cheaper
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — Robinhood (HOOD) gets lots of attention in the market given its rapid user growth and colorful approach to exposing millions of young people to investing. Its share price has increased almost […]
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Getting ready for Broadcom earnings with an options trade that minimizes risk
Broadcom (AVGO) , a leading semiconductor and infrastructure software company, specializes in designing and manufacturing chips for data centers, networking, wireless communications, and AI applications. As of Aug. 27, its stock trades around $300, reflecting a year-to-date gain of approximately 28%, driven by robust demand in the AI and cloud computing sectors. With fiscal 2024 […]
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Pending home sales tick lower in July as canceled contracts spike
Signed contracts to buy existing homes, known as pending sales, were weaker in July compared with June, and were canceled at the highest rate since at least 2017. The monthly pending home sales index from the National Association of Realtors dropped 0.4% in July from June, but was still 0.7% higher from July of last […]
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There are still four Wall Street bears left on Nvidia. Here’s what they are saying about results
Some analysts weren’t satisfied with Nvidia’s latest quarterly figures. The graphics processing unit manufacturer posted second-quarter adjusted earnings of $1.05 per share, beating the $1.01 per share analysts polled by LSEG had estimated. Nvidia’s $46.74 billion revenue also beat expectations of $46.06 billion and marked a 56% increase in the quarter from $30.04 billion a […]
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Fed Governor Lisa Cook sues Trump to block her firing
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Ting Shen | Bloomberg | Getty Images Federal Reserve Board Governor Lisa Cook on Thursday sued President Donald Trump, seeking to block his unprecedented move to fire her. The suit, filed in federal […]
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Nvidia stock turns positive in premarket trading as investors buy dip following earnings report
Jensen Huang, CEO of Nvidia, speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, on June 11, 2025. Gonzalo Fuentes | Reuters Nvidia stock briefly turned positive on Thursday during premarket trading after the chipmaker reported better-than-expected earnings and revenue for the fiscal second […]
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