Business
It’s the French election this weekend — here’s what Wall Street expects to happen
As French voters head to the polls Sunday, Wall Street is forecasting market upset if far-right candidate Marine Le Pen proves victorious. Timothy A. Clary | Afp | Getty Images French voters head to the polls on Sunday to cast their ballots in the final round of a close presidential race between incumbent Emmanuel Macron […]
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American Eagle is pitching a ‘frenemey network’ of vertical logistics to its retail peers — and it’s paying off
Shekar Natarajan is chief supply chain officer of American Eagle Outfitters. He joined the retailer in 2018. Source: Julie Stapen Photography American Eagle wants to be more like Amazon. Not to get in the business of selling everything from shoes to pet food to toilet paper. But to master a business function that became critical […]
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5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures mixed after Fed’s Powell knocked markets for a loop Pedestrians walk past the NASDAQ MarketSite in New York’s Times Square. Eric Thayer | Reuters U.S. stock futures were mixed Friday, one day following an afternoon market […]
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Ferrari to recall more than 2,000 cars in China over braking issues
The Ferrari 458 Italia. Ferrari Luxury sports car maker Ferrari will recall 2,222 cars in China due to a potential fault in its braking systems, China’s market regulator said in a statement on Friday. The recall covers the 458 Italia, 458 Speciale, 458 Speciale A, 458 Spider, 488 GTB and 488 Spider series models, the […]
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Stocks making the biggest moves premarket: American Express, Verizon, Kimberly-Clark and more
Check out the companies making headlines before the bell: American Express (AXP) – American Express rose 1.2% in the premarket after reporting better-than-expected profit and revenue for the first quarter. Amex reported a profit of $2.73 per share compared with the $2.44 consensus estimate, helped by increased spending by millennial and Gen-X consumers as well […]
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Taiwan’s ‘biggest offshore wind farm’ generates its first power
An offshore wind turbine in waters off Taiwan. Taiwan’s Ministry of Economic Affairs says it’s targeting 20% renewable energy generation by the middle of this decade. Billy H.C. Kwok | Bloomberg | Getty Images A large-scale offshore wind farm in waters off the coast of Taiwan has produced its first power, with those involved in […]
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Jim Cramer says investors should avoid Carvana after the company’s disappointing quarter
CNBC’s Jim Cramer warned investors against buying stock of Carvana after the company reported worrisome quarterly results on Wednesday. “There is zero tolerance for unprofitable companies, and Carvana just made it clear it will take them a heck of a lot longer to reach profitability than we thought,” the “Mad Money” host said. “Given what […]
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Cramer’s lightning round: Don’t sell Marvell Technology
OptimizeRx Corp: “There’s not enough there at that company. … Can’t go there.” SoFi Technologies Inc: “Here’s the problem. This thing was built as a way to be able to help on student loans, and when you get rid of your major product … it’s very hard to recommend the stock.” Marvell Technology Inc: “That […]
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Be ready to snatch up these 8 software stocks when they bottom, Jim Cramer says
CNBC’s Jim Cramer on Thursday gave investors a list of eight software stocks to keep on their shopping lists for the future. “I’m adamant that it’s still way early to buy some of these stocks. … But eventually, even these heinous stocks, formerly high-flying tech stocks, will get so cheap that they’re going to find […]
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These 12 manufacturers can help investors capitalize on the U.S. ‘industrial renaissance,’ Cramer says
CNBC’s Jim Cramer on Thursday named 12 American manufacturers investors should keep an eye on to take advantage of what he calls the country’s “industrial renaissance.” “The United States has been reclaiming its industrial preeminence in sector after sector after sector. It just was obscured by Wall Street’s now-defunct love affair with high-growth tech stocks. […]
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