Markets
Stocks making the biggest moves midday: Walmart, Shopify, 3M, General Electric and more
Vehicles pass a Walmart store in Torrance, California, on Sunday, May 15, 2022. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines in midday trading Tuesday. Walmart – Shares of Walmart slid more than 7% after the company cut its quarterly and full-year outlook, saying that inflation is shifting consumer spending […]
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How U.S. gun manufacturers market their firearms despite restrictions
On Wed., July 27, the House Committee on Oversight and Reform is holding a hearing with the CEOs of firearm manufacturers Daniel Defense, Smith & Wesson and Sturm, Ruger & Co. on the topic of gun violence in America, with a special focus on the sales and marketing of assault rifles. The hearing comes amid […]
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Costco is well positioned for inflation and shifts in consumer spending, Jefferies says
Costco is one of the best bets for investors to navigate a turbulent period for consumer stocks, according to Jefferies. Retail stocks were under pressure on Tuesday morning after Walmart lowered its guidance , saying that inflation was changing consumer spending and forcing the company to lower prices to move some items, such as apparel. […]
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Coca-Cola’s earnings top expectations as sales volume recovers from pandemic
A woman is drinking Coca-Cola near Playacar Beach in Playa del Carmen, Mexico. Artur Widak | NurPhoto | Getty Images Coca-Cola on Tuesday reported quarterly earnings that topped expectations as the beverage giant’s sales at restaurants, theaters and other venues recovered from the pandemic. Here’s what the company reported, versus what Wall Street analysts surveyed […]
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5 things to know before the stock market opens Tuesday
Traders work on the floor of the New York Stock Exchange (NYSE), July 25, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Stock futures slide U.S. equities markets were set to decline Tuesday morning after Walmart cut its profit outlook Monday (see […]
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Stocks making the biggest moves premarket: Walmart, General Motors, Polaris and more
Check out the companies making headlines before the bell: Walmart (WMT) – Walmart slumped 9.5% in the premarket after cutting its outlook for the current quarter and full year. The retail giant said higher prices for food and fuel are prompting consumers to cut back, and it’s had to cut prices at its stores to […]
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McDonald’s earnings are out – Here are the numbers
\A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan | Getty Images McDonald’s reported its second-quarter earnings before the bell on Tuesday. Here are the numbers: Adjusted earnings per share: $2.55. Wall Street analysts surveyed by Refinitiv expected $2.47, which may not be comparable. […]
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Two European satellite companies are combining in a $3.4 billion deal to rival Elon Musk’s SpaceX
OneWeb, which emerged from bankruptcy in 2020, is hoping the combination with Eutelsat will help turn its fortunes around. Jody Amiet | AFP via Getty Images U.K. satellite operator OneWeb plans to join forces with European rival Eutelsat in a deal the two companies hope will help them take on Elon Musk’s SpaceX. Eutelsat will […]
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Cramer’s lightning round: BHP Group is not a buy
Prudential Financial Inc: “The best insurer’s Chubb, and that stock keeps going down. So as far as I’m concerned, we’ve got to stay away from the insurers.” Arbor Realty Trust Inc: “I tend to be against these companies. … Real estate finance is just a dicey business.” BHP Group Ltd: “We do not buy a […]
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NYSE president says the appeal of the public market has ‘never been more alive and well’
Companies are eager to go public but are holding back due to the uncertainty in the market, NYSE President Lynn Martin told CNBC’s Jim Cramer on Monday. “It’s on pause. The reason it’s on pause is because of all the volatility that you see in the market. But you know, the companies that I talk […]
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