Markets
Adobe shares plunge 10% after Russia’s invasion of Ukraine leads to reduced sales forecast
Shantanu Narayen, Adobe Systems Kim Kulish | Corbis | Getty Images Adobe shares fell about 10% Wednesday after the software company lowered estimates for the fiscal year to account for the impact of halting sales in Russia. Adobe said on March 4, the first day of the quarter, that it was stopping new sales in […]
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Black box found from Boeing passenger jet that crashed in China, state media says
Paramilitary police officers conduct a search at the site of a China Eastern Airlines plane crash in March 2022 in Tengxian county, Wuzhou city, in China’s southern Guangxi region. AFP | Getty Images BEIJING — One of the two black boxes containing data from Monday’s China Eastern Airlines plane crash has been found, Chinese state […]
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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 drop, a day after Wall Street had resumed its upswing Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 21, 2022. Brendan McDermid | Reuters 2. Moderna […]
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Watch UK Finance Minister Rishi Sunak’s budget announcement
[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] U.K. Finance Minister Rishi Sunak is announcing a new government budget in his Spring Statement. A planned 10% increase to National Insurance (a tax on earnings) kicks in for many workers […]
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Stocks making the biggest moves premarket: General Mills, Winnebago, GameStop and others
Check out the companies making headlines before the bell: General Mills (GIS) – General Mills gained 1.6% in the premarket after reporting better-than-expected quarterly earnings and raising its full-year outlook. The food maker earned an adjusted 84 cents per share, 6 cents above estimates, with revenue essentially in line with analyst forecasts. General Mills said […]
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China Boeing 737 plane crash: No survivors found; search for black box continues
Rescuers head to the site of a plane crash in Tengxian county, Wuzhou city, in China’s southern Guangxi region on March 22, 2022. Str | Afp | Getty Images BEIJING — Rescue workers haven’t found any survivors from this week’s China Eastern Airlines crash and the hunt for the black box continues, authorities said late […]
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Japan’s Nikkei 225 rises more than 2% as SoftBank Group shares surge 8%
SINGAPORE — Shares in Japan led gains in Asia-Pacific during Wednesday morning trade, as investors monitored oil prices and continued to assess the outlook for U.S. Federal Reserve monetary policy. The Nikkei 225 rose 2.59% as shares of SoftBank Group jumped 8.03%. The Topix index advanced 1.98%. In Hong Kong, shares of Xiaomi surged 5.49% […]
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Charts suggest corn and wheat futures could continue to rise due to Russia-Ukraine war, Cramer says
CNBC’s Jim Cramer on Tuesday said corn and wheat prices could continue to rise due to Russia’s invasion of Ukraine, leaning on analysis from Carley Garner, senior commodity market strategist at DeCarley Trading. “The charts, as interpreted by Carley Garner, suggest that both wheat and corn prices are headed higher here. Maybe much higher. And […]
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Cramer’s lightning round: Micron is a buy
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Investors should watch for these five agriculture stocks, Jim Cramer says
CNBC’s Jim Cramer on Tuesday offered a list of five agriculture stocks he believes investors should consider purchasing. The Russia-Ukraine war has caused agriculture to rally significantly, and “given that Russia and Ukraine account for roughly a third of the world’s wheat production, there’s a real possibility that we could be looking at a global […]
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