Finance
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in June. Text removed from the June statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both […]
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Stocks making the biggest moves midday: Boeing, Vistra, Match Group and more
Check out the companies making headlines in midday trading. Pinterest – Shares tumbled 12% after the social media company’s forward guidance came in below estimates. The company issued third-quarter revenue guidance in a range between $885 million to $900 million, below the $908.6 million consensus estimate analysts polled by FactSet were forecasting. Second-quarter earnings and […]
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Stocks making the biggest moves premarket: Pinterest, Match Group, Advanced Micro Devices and more
Check out the companies making headlines before the bell: DuPont — Shares popped 5% on the back of better-than-expected results in the second quarter. The chemical maker earned 97 cents per share, excluding certain items, on revenue of $3.17 billion. Analysts expected a profit of 85 cents per share on revenue of $3.05 billion, according […]
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Boar’s Head recall expands to include 7 million pounds of deli meat over listeria concerns
A woman browses the meat aisle at a supermarket in Montebello, California, on May 15, 2024. Frederic J. Brown | AFP | Getty Images A recall of Boar’s Head products has expanded to include a whopping 7 million additional pounds of deli and poultry items in a deadly multistate outbreak of listeria infections. As of […]
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Stocks making the biggest moves after hours: Microsoft, Arista Networks, Advanced Micro Devices, Starbucks and more
Check out the companies making headlines in after-hours trading: Microsoft — Shares dropped 6% after the tech giant reported disappointing results out of its cloud business. That overshadowed beats on both lines for the fiscal fourth quarter. Advanced Micro Devices — The chipmaker jumped 5% as second-quarter results surpassed estimates. AMD posted adjusted earnings of […]
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Stocks making the biggest moves midday: JetBlue, Sprouts Farmers Market, Varonis Systems and more
Check out the companies making headlines in midday trading: JetBlue — The airline soared almost 20% after reporting second-quarter earnings that beat analysts’ expectations . The New York City-based carrier posted adjusted earnings of 8 cents per share, excluding one-time items, compared to analysts’ estimated loss of 11 cents per share, according to LSEG. Revenue […]
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Warren Buffett’s Berkshire Hathaway sells Bank of America for a ninth-straight day
In this article BRK.A BAC Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway’s selling streak in its big Bank of America stake has extended to nine straight days, suggesting that […]
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Russia considers legalizing crypto for global payments as it faces ongoing sanctions
Key Points The lower house of the Russian Parliament will consider a law that permits making international payments via cryptocurrencies, Russia’s central bank governor Elvira Nabiullina said Tuesday. Russia’s central bank is also itself looking to move money across borders using crypto before the end of 2024, Nabiullina said. The U.S. and its allies have […]
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Stocks making the biggest moves premarket: CrowdStrike, Merck, PayPal, JetBlue and more
Check out the companies making headlines in premarket trading. CrowdStrike — Shares slipped 5% after CNBC reported that stated Delta Airlines has retained legal counsel to pursue damages from both CrowdStrike and Microsoft following after a software update led to mass flight interruptions in July. Woodward — The aerospace and industrial equipment company slipped more […]
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Stocks making the biggest moves after hours: Chesapeake Energy, F5, Lattice Semiconductor and more
Check out the companies making headlines after the bell : F5 — The tech stock surged 14% in after-hours trading after the company reported a blowout quarterly report. F5 posted adjusted earnings of $3.36 per share in the fiscal third quarter, compared to an LSEG estimate of $2.97 per share. Revenue of $695 million was […]
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