Markets
Darden Restaurants earnings disappoint as Olive Garden, fine dining sales struggle
A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois. Scott Olsen | Getty Images Darden Restaurants on Thursday reported weaker-than-expected quarterly earnings and revenue as sales weakened at Olive Garden and its fine dining restaurants. “While we fell short of our expectations for the first quarter, […]
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Stocks making the biggest moves premarket: Darden Restaurants, Nvidia, DoorDash, Coursera and more
Check out the companies making headlines before the bell. Darden Restaurants — Shares advanced nearly 11% after the restaurant operator announced a multiyear partnership with Uber for on-demand delivery later this year. The company reported weaker-than-expected quarterly earnings and revenue, however, as its sales weakened at Olive Garden and its fine dining restaurants. NextEra Energy […]
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5 things to know before the stock market opens Thursday
Here are five key things investors need to know to start the trading day: 1. Roller coaster ride Stock markets took a volatile turn Wednesday as investors weighed the Federal Reserve’s interest rate decision. Market watchers initially cheered the outsized 50-basis-point rate cut, but it raised concerns that the Fed was trying to get ahead […]
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CNBC Daily Open: Markets need time to digest the 50-point cut
Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. Anna Moneymaker | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC […]
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Ray Dalio says the Fed faces a tough balancing act as the economy faces ‘enormous amount of debt’
Key Points As the U.S. Federal Reserve implemented its first interest rate cut since the early Covid pandemic, billionaire investor Ray Dalio flagged that the U.S. economy still faces an “enormous amount of debt.” “The challenge of the Federal Reserve is to keep interest rates high enough that they’re good for the creditor, while keeping […]
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Binance CEO says crypto exchange saw 40% growth this year in institutional, corporate investors
Binance CEO Richard Teng speaks in Singapore on Sept. 17, 2024, at an event hosted by the local foreign correspondents association. Bloomberg | Bloomberg | Getty Images Cryptocurrency exchange Binance has seen a 40% increase this year in institutional and corporate investors joining the platform, CEO Richard Teng told CNBC’s Lin Lin in an interview […]
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Stock futures rise as traders weigh Fed’s super-sized rate cut: Live updates
A trader works on the trading floor at the New York Stock Exchange following the Federal Reserve rate announcement on Sept. 18, 2024. Andrew Kelly | Reuters U.S. stock futures rose Wednesday night as traders digested the Federal Reserve’s earlier decision to lower interest rates by a half percentage point. Dow Jones Industrial Average futures […]
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Asia-Pacific markets open higher as investors digest outsized Fed rate cut
The Bank of Japan headquarters is seen in Tokyo on January 30, 2017. The Bank of Japan will pull the plug on its eight-year negative interest rate policy in April, according to more than 80% of economists polled by Reuters, marking a long-awaited major shift from a global outlier central bank. Kazuhiro Nogi | Afp | […]
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Gold has rallied ahead of Fed rate cuts. Here’s why there could still be more upside
The start of a Federal Reserve rate-cutting cycle often coincides with a rally for gold, but investors might be surprised to find out that the upward move has already been going on all year. Spot gold entered Wednesday up nearly 25% in 2024, outpacing the S & P 500 and Nasdaq Composite . The Fed […]
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The Fed forecasts lowering rates by another half point before the year is out
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., July 31, 2024. Kevin Mohatt | Reuters The Federal Reserve projected lowering interest rates by another half point before the end of 2024, and the central bank […]
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