Finance
China’s imports unexpectedly drop in June, but exports conquer forecasts
PIctured right here is the Qianwen container terminal in the port town of Qingdao, Shangdong, China on July 11, 2024. Cfoto | Future Publishing | Getty Visuals BEIJING — China’s imports fell in June, missing expectations for slight expansion, even though exports grew much more than predicted, customs knowledge launched Friday showed. China’s imports fell […]
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China gears up for next week’s Third Plenum meeting. Here’s why real estate isn’t likely the main focus
Key Points The much-anticipated policy meeting, scheduled for Monday to Thursday, is a major gathering of the top members of the ruling Communist Party of China that typically happens only once every five years. This plenum was widely expected to be held last fall but has been delayed. “The key challenge faced by Beijing is […]
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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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