A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California. Justin Sullivan | Getty Images FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts’ estimates in both earnings and revenue. Here’s how the company did in its fiscal fourth quarter … Read more
CNBC’s Jim Cramer guided investors through this week’s most important Wall Street action, highlighting earnings reports from Micron, Walgreens and General Mills. Cramer said Monday was tough for Big Tech, but he expressed continued faith in the success of the mega caps in the sector. “The reason why we pay so much for the mega … Read more
Wall Street advanced during this holiday-shortened trading week, with the S & P 500 and Nasdaq both reaching new all-time highs in the first half of the week before pulling back some. The S & P 500 and Nasdaq were able to finish the week slightly higher. The Dow , which had recently come off … Read more
After Salesforce posted its first revenue miss since 2006, CEO Marc Benioff told CNBC’s Jim Cramer how the market for enterprise software companies has changed since the pandemic. “You can’t control the buying environment. The reality is, you’re going to have heterogeneous buying environments, it’s going to happen,” Benioff said. “And we’re in this post-pandemic … Read more
China’s President Xi Jinping speaks at an event held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 15, 2023. Carlos Barria | Afp | Getty Images BEIJING — Chinese President Xi Jinping told U.S. … Read more
China’s President Xi Jinping speaks at the “Senior Chinese Leader Event” held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, California, U.S., November 15, 2023. Carlos Barria | Reuters BEIJING — U.S. business leaders met with Chinese President … Read more
Here are the most important news items that investors need to start their trading day: 1. Fretting over the Fed Stocks are limping into Monday. The three major U.S. averages have all posted at least two straight losing weeks. Last week, higher-than-expected inflation readings fueled investor concerns that the Federal Reserve may wait longer than … Read more
All three major U.S. stock averages pulled back slightly for the week, though they remain near all-time highs ahead of next week’s Federal Reserve meeting. Earnings season is wrapping up with only a few S & P 500 companies still left to report; all Club names have now issued results. This reporting cycle was a … Read more
It’s not being talked about enough. This market move off the November lows and the Fed pivot — signaling an end to the central bank’s rate-hiking cycle — is one of the most astonishing and satisfying I have seen in 43 years of investing. In nine weeks, we blew through price targets on so many … Read more
Good morning! It’s Friday, January 5, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Tesla Recalls Every Car It Has Sold In China Safety issues with Tesla’s Autopilot driver assistance … Read more
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