Here are the Wednesday’s biggest calls on Wall Street: Bank of America reiterates Nvidia as buy Bank of America said it’s staying on the chipmaker bullish heading into earnings next week. “The silver lining of consumer driven down turns –such as NVDA’s current one – is they tend to be vicious but quick, to make …
Scott Olson | Getty Images Check out the companies making the biggest moves midday: Target — Shares of the retailer slid more than 2% after its earnings missed Wall Street expectations by a wide margin. The company said its quarterly profit fell almost 90% from a year ago. However, Target reiterated its full-year forecast and …
Bed Bath & Beyond, Krispy Kreme, Target and more Read More »
Following July’s spectacular rally, US stocks SPX, -0.42% have been caught in a tight trading range over the past two weeks as investors struggle to make sense of some of the most confounding economic data in recent years. But while the S&P 500 index has held above the key 4,000 level thanks largely to a …
LONDON — European markets were slightly lower on Tuesday as focus in global markets turns to a key US inflation print due Wednesday. The pan-European Stoxx 600 slipped 0.3% by mid-morning, with travel and leisure stocks shedding 1.2% to lead losses while insurance stocks gained 0.5%. Investors are trying to assess the potential pace of …
An AMC theater is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, US, January 27, 2021. Carlo Allegri | Reuters Check out the companies making headlines in midday trading. Bed Bath & Beyond, AMC — Shares surged 41% and 13% respectively as social media traders appeared …
Shares of Nvidia Corp. were tumbling more than 5% in morning trading Monday after the semiconductor company disclosed that it expects to fall well of short revenue expectations for its latest quarter, largely due to gaming weakness. The company expects fiscal second-quarter revenue of $6.7 billion, up from $6.5 billion a year before, whereas analysts …
Nvidia stock tumbles after company says revenue fell way shy of expectations Read More »
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 am ET. Here’s a recap of Monday’s key moments. It’s not time to be greedy Oil drops Quick mentions: WMT, COST, DHR, CRM, LLY AMD earnings this week 1. It’s not time to be greedy Stocks were a mixed …
4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday Read More »
Intel CEO Pat Gelsinger pictured during the ‘Chips for health’ event at the Grischa Hotel at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Eric Lamand | Belga Mag | AFP | Getty Images Intel shares fell more than 10% in extended trading on Thursday after the chipmaker reported second-quarter results and …
Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks with equipment manufacturing giant Sany Heavy Industry. pony.ai BEIJING — Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks in China with equipment manufacturing giant Sany Heavy Industry. Annual production is set to reach about 10,000 …
Self-driving tech company Pony.ai plans to deliver robotrucks in China Read More »
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 UK 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. The all-stock …
OneWeb, Eutelsat agree $3.4 billion merger to rival Elon Musk’s SpaceX Read More »