business news
5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures flat after Tuesday’s intraday reversal Traders work on the floor of the New York Stock Exchange (NYSE) on October 25, 2021 in New York City. Spencer Platt | Getty Images U.S. stock futures were essentially […]
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JPMorgan downgrades CarMax, saying ‘sticker shock’ will continue to hurt sales
Skyrocketing vehicle prices have hard-hit consumers and the situation will only get worse in the near term for car retailers like CarMax. Source
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‘Everything changed when Russia invaded’: Finland and Sweden inch closer to seeking NATO membership
The leaders of Finland and Sweden have both said a decision on whether to apply for NATO membership can be expected sooner rather than later. Paul Wennerholm | Afp | Getty Images LONDON — Finland and Sweden could both seek to join NATO in the coming weeks, warning Europe’s security landscape has “completely changed” in […]
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Cheaper doughnuts, free gas cards and more: Retailers and restaurants woo consumers who are feeling pain at the pump
A car is pumping gas at a Costco gas station. The conflict between Ukraine and Russia resulted in increased gas prices in the United States in the past two weeks. Michael Ho Wai | Lightrocket | Getty Images Along with fried chicken, biscuits and iced tea, family meals at Southern fast-food chain Bojangles now include […]
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Bed Bath & Beyond posts disappointing results after low inventory hurt business in the holiday quarter
Bed Bath and Beyond on Wednesday reported a surprising holiday-quarter loss, as the company ran low on inventory and struggled to move merchandise out of congested ports and onto shelves. Shares fell more than 10% in premarket trading, as investors weighed the news. CEO Mark Tritton said out-of-stock merchandise caused the company to miss out […]
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Watch CNBC’s full interview with Delta CEO Ed Bastian on earnings
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Delta CEO Ed Bastian joins CNBC’s Phil LeBeau and the ‘Squawk Box’ team to react to the airline’s first-quarter earnings report, which beat Wall Street’s expectations. Bastian also discusses how the company is working to hire more employees to meet surging travel […]
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JPMorgan Chase reports $524 million hit from market dislocations caused by Russia sanctions
Jamie Dimon, Chairman and CEO of JP Morgan Chase. Adam Jeffery | CNBC JPMorgan Chase said Wednesday that first-quarter profit fell sharply from a year earlier, driven by increased costs for bad loans and market upheaval caused by the Ukraine war. Here are the numbers: Earnings: $2.63 a share (unclear if comparable to $2.69 estimate). […]
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Stocks making the biggest moves premarket: Delta, JPMorgan, BlackRock and more
Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta rallied 6.6% in the premarket after reporting a smaller-than-expected quarterly loss and predicting a current-quarter profit. The airline also said monthly revenue exceeded pre-pandemic levels for the first time in March. JPMorgan Chase (JPM) – The bank reported quarterly earnings […]
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Twitter investors sue Elon Musk for failing to promptly disclose the size of his stake
Elon Musk’s Twitter profile displayed on a computer screen and Twitter logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on April 9, 2022. Jakub Porzycki | Nurphoto | Getty Images A group of Twitter shareholders are suing Elon Musk for allegedly failing to disclose he had bought […]
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Delta forecasts a quarterly profit as travelers keep flying despite higher fares, helping offset surging fuel costs
A Delta Airlines Airbus A-350 aircraft, flight number DL40 bound for Los Angeles takes off from Kingsford Smith International Airport on July 26, 2021 in Sydney, Australia. James D. Morgan | Getty Images Delta Air Lines expects to return to a profit this quarter thanks to a jump in bookings — and fares — that […]
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