Breaking News: Economy
Stocks making the biggest moves after hours: Cisco, Ulta, Nike and more
Check out the companies making headlines in after-hours trading. Cisco Systems — The stock jumped 6% after the networking company reported an earnings and revenue beat for its fiscal fourth quarter, and also issued an optimistic forecast. Cisco posted adjusted earnings of 87 cents per share on revenue of $13.64 billion, while analysts polled by […]
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Annual inflation rate slows to 2.9% in July, lowest since 2021
Signs reading, ‘please bear with us: we are currently experiencing interruptions in our supply chain which may affect the availability of certain products,’ is seen taped to the drive-up menu at a Wendy’s restaurant on May 06, 2020 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Inflation rose as expected in […]
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Wednesday’s big CPI inflation report could mark a change in thinking for the Fed
Product prices as seen at Walmart. Courtesy: Walmart The news Tuesday was good for inflation, and investors hope it will get even better Wednesday when the Labor Department releases the July consumer price index report. With the score being one down, one to go on confirming that the early-year jump in prices either was a […]
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Wholesale inflation measure rose 0.1% in July, less than expected
A key measure of wholesale inflation rose less than expected in July, opening the door further for the Federal Reserve to start lowering interest rates. The producer price index, which measures selling prices that producers get for goods and services, increased 0.1% on the month, the Labor Department’s Bureau of Labor Statistics reported Tuesday. Excluding […]
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HelloFresh shares pop 11% as meal kit giant beats profit estimates
Shares of German meal kit firm HelloFresh jumped on Tuesday after the company reported a better-than-expected profit in the second quarter and said its ready-to-eat meals segment saw rapid growth. HelloFresh shares climbed as much as 20% during morning trade, but had pared gains to rise 11% to 5.90 euros ($6.44) as of 6:19 a.m. […]
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Stocks making the biggest moves midday: JetBlue, Hawaiian Electric, KeyCorp, Monday.com and more
Check out the companies making headlines in midday trading: JetBlue — Shares sank 13% after the airline said it plans to sell $400 million of five-year convertible senior notes. Hawaiian Electric Industries — Shares plummeted more than 16% after the utility said it does not yet have a financing plan for the $1.7 billion Maui […]
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Three-year inflation outlook hits record low in New York Fed consumer survey
People shop at a grocery store in Brooklyn on July 11, 2024 in New York City. Spencer Platt | Getty Images Consumers grew more confident in July that inflation will be less of a problem in the coming years, according to a New York Federal Reserve report Monday that showed the three-year outlook at a […]
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Bear market is coming in 2025, warns David Roche, but the Fed will step in before it turns ‘draconian’
Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024. Tierney L. Cross | Bloomberg | Getty Images Veteran investor David Roche expects a bear market in 2025 caused by smaller-than-expected rate cuts, a slowing U.S. economy and […]
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Europe inflation may spike on Olympics and Taylor Swift, but UBS says it won’t hit locals’ wallets
Key Points The Olympic Games, as well as other mega events like Taylor Swift’s Eras Tour, produce sudden demand shocks in local economies that can appear to boost inflation, UBS says. However, these mega events may not actually increase the cost of living for the local population. The Paris Olympics has boosted demand — and […]
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Stocks making the biggest moves midday: Sweetgreen, Doximity, E.l.f. Beauty and more
Check out the companies making headlines in midday trading. Sweetgreen — Shares of the salad chain popped 24% after the company reported second-quarter revenue of $184.6 million, topping the $181 million consensus estimate, per LSEG. Sweetgreen also gave full-year revenue guidance of $670 million to $680 million. Analysts were expecting guidance of $674 million. Doximity […]
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