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Stocks making the biggest moves midday: Shake Shack, C.H. Robinson, Mobileye Global and more
Check out the companies making headlines in midday trading: Shake Shack — The stock gained more than 15% after the burger chain’s revenue topped estimates. Shake Shack earned 27 cents per share, excluding items, on revenue of $316 million, above the LSEG estimate of $314 million. Shake Shack also narrowed its full-year revenue estimate to […]
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Stocks making the biggest moves after hours: Meta Platforms, Qualcomm, Arm Holdings and more
Check out the companies making headlines after the bell : Meta Platforms — Shares of the social media giant rallied more than 4%. Meta Platforms topped revenue and earnings expectations for the recent quarter, posting earnings of $5.16 per share on $39.07 billion in revenue. The company also offered a strong forecast for the current […]
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S&P 500 futures are little changed as Wall Street awaits Fed decision: Live updates
Traders work on the floor of the New York Stock Exchange on July 22, 2024. Timothy A. Clary | AFP | Getty Images S&P 500 futures are near flat Tuesday night as investors parsed the latest earnings reports and readied for the Federal Reserve monetary policy decision coming Wednesday afternoon. Futures tied to the broad […]
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Temu and Shein’s soaring popularity has Wall Street eyeing China’s influence on tech earnings
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty Images Temu and Shein have exploded in the U.S. by going on an online marketing blitz and offering consumers inexpensive goods […]
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Etsy CEO says company is escaping ‘race to the bottom’ and getting back to its artisan roots
Josh Silverman, CEO of Etsy. Adam Jeffery | CNBC When Etsy launched almost two decades ago, the site attracted artisans and craft makers, who finally had a place online where they could sell their niche products and reach a large audience. But in recent years, Etsy has found itself overrun with mass-produced, generic items from […]
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Southwest Airlines shareholders puzzled by Elliott’s activism can look to past campaigns for insight
Travelers wait to check in at the Southwest Airlines counter at Oakland International Airport in Oakland, California, Dec. 27, 2022. David Paul Morris | Bloomberg | Getty Images After Elliott Management revealed a $1.9 billion stake in Southwest Airlines in June, an initial rally in the stock quickly fizzled. Rather than sparking typical cheer on […]
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Advertisers boost spending at retailers like Walmart and Amazon as TV shrinks
An M&M’s advertisement seen on a gas pump. Courtesy: GSTV The next frontier for the ad market isn’t on TV — it’s in stores and on your phone. Television had long been the key target for advertisers, until tech companies like Alphabet and Meta-owned platforms like Facebook began to gobble up market share. While ad […]
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Ahead of retail earnings, here’s what we know about the consumer so far
A customer walks through The Home Depot store on February 20, 2024 in Austin, Texas. Brandon Bell | Getty Images The state of the consumer in 2024 is already taking shape — even before the country’s major retailers begin to report first-quarter earnings, starting with Home Depot and Walmart next week. There are signs that […]
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Shares producing the major moves midday: Apple, Peloton, Wayfair, Carvana and extra
Check out out the firms creating headlines in midday investing: Apple — Shares ticked up about 2% forward of the Iphone maker’s next-quarter outcomes due after the closing bell. Peloton — Shares dropped 13% after the work out gear business announced Thursday that CEO Barry McCarthy will be stepping down and that the enterprise will […]
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Shares producing the largest premarket moves: Peloton, Carvana, Cigna, Qualcomm and a lot more
Check out out the businesses generating the major moves in premarket buying and selling: Peloton Interactive — Shares climbed 15% immediately after the conditioning business announced CEO Barry McCarthy will step down whilst it seeks a permanent CEO. Peloton also set a restructuring system that will reduce 15% of its staff, or about 400 workforce. […]
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