Finance
Stocks making the biggest moves midday: Delta Air Lines, SoundHound AI, WD-40, Tesla and more
Check out the companies making headlines in midday trading: Delta Air Lines — The stock fell almost 5% after the airline issued a sales growth forecast for the third quarter that came in below expectations. The company also reported an almost 30% decrease in net income for the second quarter compared to a year ago. […]
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High inflation is largely not Biden’s or Trump’s fault, economists say
Key Points The consumer price index moderated again in June 2024, the Bureau of Labor Statistics said Thursday. The CPI annual inflation rate has declined to 3% from a 9.1% pandemic-era peak in 2022. Neither President Joe Biden nor former President Donald Trump shoulder much of the blame for high inflation, economists said. Source
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These 3 stocks are set to bounce once the Fed finally lowers interest rates
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. The S & P 500 and Nasdaq on Thursday retreated from their record highs, set in the previous session, after a cooler-than-expected inflation report sent investors out of Big Tech […]
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Investors grow concerned AI isn’t being adopted fast enough to justify the hype, says Goldman Sachs
The stock market’s red-hot mania for artificial intelligence is increasingly detached from reality as adoption of the burgeoning technology appears slower than expected, according to Goldman Sachs. “Our conversations with investors have been defined by skepticism about latter stages of AI adoption,” Ryan Hammond of Goldman’s portfolio strategy research team said in a recent note […]
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Stocks making the biggest moves premarket: Delta Air Lines, Costco Wholesale, Pfizer and more
Check out the companies making headlines before the bell. Delta Air Lines — Shares tumbled 9% after the airline issued a lower-than-expected sales growth forecast in the current quarter. Net income also fell 30% in the second quarter despite revenue reaching record highs. Costco Wholesale — Costco shares added nearly 3% after the wholesale club […]
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Ethereum ETF countdown: Bitwise CIO sees ‘birth of a new asset class’
ETF Edge Ethereum ETF countdown: Bitwise CIO sees ‘birth of a new asset class’ Published Wed, Jul 10 20247:00 PM EDT Ellie Stevens@elliestevens02 WATCH LIVE Source
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Stocks making the biggest moves after hours: WD-40 Company, Costco and more
Check out the companies making headlines after the bell : WD-40 Company — Shares gained 11% after the maker of metal lubricants reported fiscal third-quarter results that beat analysts’ expectations. WD-40 posted earnings of $1.46 per share on revenue of $155 million, higher than the earnings of $1.39 per share on revenue of $145.8 million […]
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Stocks making the biggest moves midday: Intuit, AMD, LegalZoom.com, Baidu and more
Check out the companies making headlines in midday trading: Intuit — Shares of the TurboTax parent company fell nearly 4% after it said it will slash 1,800 jobs , or about 10% of its workforce, as it boosts investments in artificial intelligence. Intuit said it plans to rehire 1,800 people for engineering, product and consumer-focused […]
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Watch Fed Chair Jerome Powell testify live before the House financial services panel
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is set to testify on Capitol Hill before the U.S. House Financial Services Committee on Wednesday. The appearance comes after Powell appeared before the Senate […]
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Stocks making the biggest moves premarket: Taiwan Semiconductor, Tesla, Carvana and more
Check out the companies making headlines before the bell: Tesla — The electric vehicle maker gained nearly 1% after Goldman Sachs increased its stock price target by $73 to $248 per share on better than expected second quarter deliveries. Tesla has booked 10-straight days of gains. Though Goldman increased its price target, the investment bank […]
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