Business
Photos show the catastrophic impact of Hurricane Ian
An aerial picture taken on September 29, 2022 shows a flooded neighborhood in the aftermath of Hurricane Ian in Fort Myers, Florida. Ricardo Arduengo | AFP | Getty Images Hurricane Ian slammed into southwest Florida on Wednesday afternoon. The Category 4 hurricane, one of the biggest storms to ever hit the U.S., tore through the […]
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Stocks making the biggest moves premarket: Nike, Micron, Amylyx and others
Check out the companies making headlines before the bell: Nike (NKE) – Nike slumped 10% in the premarket after it reported a 44% increase in inventories for its latest quarter, and said it would offer more discounts heading into the holiday season. The athletic footwear and apparel maker reported better-than-expected profit and revenue for its […]
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Why some analysts think investors should buy Nike after its latest earnings report
Nike shares are trading at an attractive entry point even as the sportswear giant faces a slew of macro headwinds and extra inventory, some Wall Street analysts say. On Thursday after the bell Nike announced results that beat top- and bottom-line estimates , but the stock slumped more than 9% as the company outlined extra […]
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5 things to know before the stock market opens Friday
Traders on the floor of the NYSE, Sept. 28, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. A bang, or a whimper? The third quarter comes to a close Friday, and it couldn’t come any sooner for beaten-up stock markets. It’s been a terrible […]
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There are no American F1 drivers. McLaren CEO Zak Brown has a theory about that
Formula One is revving up for the Singapore Grand Prix this weekend with a stunning cast of racers, but none of them are from the United States — and McLaren’s CEO Zak Brown has a theory about that. “The talents are there, the resources are there. It’s really about when and where they get started […]
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Abby Wambach is cutting all ties with Brett Favre-backed venture that got Mississippi welfare funds
Abby Wambach Chris Graythen | Getty Images Retired U.S. women’s soccer star Abby Wambach began cutting ties on Thursday with a joint venture linked to NFL Hall of Famer Brett Favre that received millions of dollars in Mississippi welfare funds, hours after NBC News contacted her about the matter. Wambach told NBC News in a statement she has […]
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Cramer’s lightning round: Charles River is a buy
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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CarMax’s earnings miss is a win in the Fed’s battle against inflation, Jim Cramer says
CNBC’s Jim Cramer on Thursday told investors that used car retailer CarMax’s recent earnings shortfall is good news for the Federal Reserve’s quest to tamp down inflation. “When you look at this quarter from CarMax, it tells you the Fed’s been incredibly successful at eroding consumer confidence,” he said. “[Fed Chair] Jay Powell doesn’t want […]
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Nike’s results offer a clue about the strong dollar and the upcoming earnings season
How has the strong dollar impacted big multinational companies this quarter? Nike ‘s results after the bell on Thursday may offer a good preview of what’s to come as earnings season kicks into a high gear in mid-October. The sneaker and apparel giant saw a currency headwind of about 6 percentage points in its fiscal […]
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NASA is working with SpaceX to explore a private mission to extend the life of the Hubble telescope
This 1990 photograph shows the Hubble Space Telescope being deployed from the space shuttle Discovery on mission STS-31. Source: NASA SpaceX and billionaire astronaut Jared Isaacman are teaming up with the National Aeronautics and Space Administration to study whether a private mission could extend the life of the famed Hubble telescope. NASA signed an agreement […]
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