Shoppers walk through a mall along the Magnificent Mile in Chicago on March 15, 2023. Scott Olson | Getty Images Check out the companies making headlines after the bell. Nordstrom — Shares of the upscale department store jumped 9% in extended trading after its fiscal first-quarter sales beat Wall Street expectations. The strong results came … Read more
Nvidia had its AI moment and the stock went bananas. Wall Street is frantically raising estimates, leaving investors wondering if the stock is too expensive, too cheap, or fair valued. It’s hard to know what to do with stocks now. Stock charts are a good place to start understanding this. Examining stock charts, or technical … Read more
My top 10 things to watch Wednesday, May 31 1. Last day of the month. The Republican-controlled House vote on the debt ceiling deal scheduled for Wednesday night, a day after the Rules Committee approved it. Senate controlled by upcoming Democrats. Default time of Monday. 2. Wall Street is expected to open lower after the … Read more
According to a Nomura report, less than 6% of US flights to and from mainland China that existed in 2019 have resumed. By contrast, flights between mainland China and Egypt, Saudi Arabia and Italy are almost back to pre-pandemic frequency or higher, the report showed, citing May 22 data from VariFlight. Last weekend, an Air … Read more
In this photo illustration, a visual representation of the digital cryptocurrency, Bitcoin is displayed in front of the Bitcoin price chart on February 09, 2021 in Paris, France. Chesnot | Getty Images Bitcoin briefly recovered to the $28,000 level over the long holiday weekend for the first time since the start of the month, after … Read more
A ChargePoint station at the New Carrollton Branch Library in New Carrollton, Md. tom williams | Cq-roll Call, Inc. | Getty Images Check out the companies making some of the biggest advancements in pre-market commerce: ChargePoint – Shares of the electric vehicle charging station company jumped 5% premarket after Bank of America upgraded shares to … Read more
An hour ago Softbank shares slide nearly 4%, lead to losses on Topix Shares of Softbank Group fell nearly 4% on Tuesday, leading to losses on Japan’s Topix index. It comes after Softbank-owned chip designer Arm announced the rollout of new technology for mobile devices and Taiwanese smartphone chipmaker MediaTek Inc said it would use … Read more
Following a CNBC CEO Conference in Santa Barbara, California, I came away with two thoughts. First, artificial intelligence (AI) is by far the most important topic of conversation, regardless of forum or party. And, secondly, no one has a clue how to make money with it. Funnily enough, even though everyone says they’ve been using … Read more
13 minutes ago Stocks in motion: CFF up 4.5%, Embracer Group down 7.3% Swedish real estate group SBB climbed to the top of the Stoxx 600 in afternoon trading, up 4.5%, after announcing it was exploring strategic options including a sale of the business or specific assets and segments. Shares of the company have fallen … Read more
Chinese consumer spending will not return to pre-Covid levels anytime soon, a problem for international brands such as Starbucks, Morgan Stanley said in a report. After an expected 9% rebound in Chinese consumer spending this year, analysts forecast a 4.8% increase next year, 0.5 percentage points less than before the pandemic. Meanwhile, the number of … Read more
