Breaking News: Markets
Starbucks is about to report earnings. Here’s what to expect
The American multinational chain Starbucks Coffee store and logo seen displayed. Sopa Images | Lightrocket | Getty Images Starbucks is expected to report its quarterly earnings after the bell on Wednesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report for its fiscal fourth quarter: Earnings per share: 56 cents […]
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Fed cuts rates for the second time this year, will end balance sheet run-off in December
The Federal Reserve on Wednesday approved its second straight interest rate cut, though Chair Jerome Powell rattled markets when he threw doubt on whether another reduction is coming in December. By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. In addition to […]
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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 September. Text removed from the September 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 statements. […]
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Stocks making the biggest moves midday: Caterpillar, Stride, Nvidia, Garmin, Boeing & more
Check out the companies making the biggest moves midday: Stride — The for-profit education company plunged 50%, on pace for its worst day ever, on much weaker-than-expected guidance. The company sees fiscal second-quarter revenue between $620 million and $640 million. Analysts on average expected an outlook of $613.3 million. Full-year revenue and operating income guidance […]
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Nvidia hits $5T market cap without big China sales. Jim Cramer says that could change
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 Wednesday’s key moments. 1. The S & P 500 and Nasdaq reached record intra-day highs again Wednesday, supported by strength in megacap tech. Club holding Nvidia is leading the pack. “The markets are […]
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3 reasons Apple deserves its initiation into the $4 trillion club — and what to expect next
Could Apple expectations be any higher? The Club stock made history Tuesday, eclipsing a $4 trillion market capitalization for the first time ever, joining fellow portfolio names Nvidia and Microsoft above that level. (Nvidia on Wednesday became the first company to go above a $5 trillion valuation .) Apple shares closed just below the $4 […]
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Stocks making the biggest moves premarket: Nvidia, Caterpillar, Generac, Caesars Entertainment & more
Check out the companies making headlines in premarket trading. Nvidia — Shares climbed 3.5% in Wednesday’s premarket trading, building on the rally of around 5% seen in the prior session. The chipmaker is now closing in on the $5 trillion market cap milestone , which no other company has hit before. Boeing — The aerospace […]
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Boeing is set to report earnings before the bell. Here’s what Wall Street expects
A Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024. Jennifer Buchanan | AFP | Getty Images Boeing‘s jetliner deliveries drove it back into cash-positive territory for the first time in nearly two years but it took a massive charge on its long-delayed 777X wide-body plane. […]
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The Fed’s balance sheet takes center stage as liquidity concerns rise
The U.S. Federal Reserve is widely expected to cut interest rates when it meets on Wednesday with little to no room for a surprise. Any remaining excitement is centered on what the central bank will signal regarding its balance sheet and the path forward. Short-term interest rates have been particularly volatile in recent weeks, with […]
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World’s largest sovereign wealth fund gains 5.8% in third quarter
Norges Bank Kristian Helgesen/Bloomberg | Bloomberg | Getty Images Norway’s $2 trillion sovereign wealth fund — the largest of its kind in the world — on Wednesday reported a 5.8% return during the third quarter, powered by strong stock market gains across mining, telecommunications and financial services. Norges Bank Investment Management (NBIM) manages the fund on behalf […]
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