EverydayRead

Nordstrom shares climb 5% as earnings top estimates, but retailer issues cautious guidance

Nordstrom on Tuesday posted earnings that blew past Wall Street's expectations, indicating the department store is making strides in its efforts ...

Here’s the deflation breakdown for September 2024 — in one chart

Jeff Greenberg | Universal Images Group | Getty ImagesInflation has eased gradually across the broad U.S. economy, and some areas of consumer spe...

Spotify shares pop on better-than-expected profit forecast

The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023.Brendan Mcdermid | ReutersSpotify shares ro...

JPMorgan Chase shares drop 5% after bank tempers guidance on interest income and expenses

Daniel Pinto, president and chief operating officer of JPMorgan Chase, speaks during the Semafor 2024 World Economy Summit in Washington, DC, on ...

Business

Painting the town pink and green: ‘Wicked’ takes over retail ahead of theatrical debut

Cynthia Erivo and Ariana Grande star as Elphaba and Glinda in Universal's "Wicked."Universal"Barbie" painted the town pink in 2023, and now "Wick...

Wall Street analysts tout our 2 cybersecurity stocks ahead of quarterly earnings

Wall Street analysts are showing two cybersecurity stocks some love ahead of their quarterly results. The news Evercore ISI this week raised its ...

Why flights to Europe are the cheapest they’ve been in years

A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024.Elias Marcou | ReutersFlights...

Comcast is exploring separation of cable networks business

Comcast is exploring a separation of its cable networks business, President Mike Cavanagh said Thursday.During the company's third-quarter earnin...

Fed holds rates steady and notes progress on inflation

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its t...

Global public debt will hit $100 trillion by year-end, says IMF

A man walks past signage for the the 2024 IMF/World Bank Annual Meetings outside of the headquarters of the International Monetary Fund in Washin...

CVS is under pressure and considering a breakup. Here’s why that could be risky

A sign outside of a CVS pharmacy store on February 07, 2024 in Miami, Florida. Joe Raedle | Getty ImagesIt's time for a wellness check at CV...

Earnings

These 5 portfolio stocks crushed the volatile market since our August Monthly Meeting

It's been a topsy-turvy stock market since the Club's August Monthly Meeting. The S & P 500 jumped 1.8% over the period, while the Dow Jones ...

Alibaba posts profit beat as China looks to prop up tepid consumer spend

Jim Cramer’s week ahead: Earnings from Nvidia, TJX and Walmart

Here’s why investors are so excited about Disney’s quarterly results

Latest

Visa and Mastercard execs grilled by senators on ‘duopoly,’ high swipe fees

The Senate Judiciary Committee convened on Tuesday for a hearing on the alleged Visa-Mastercard "duopoly," which committee members from both side...

Top Wall Street execs are getting skeptical on the Fed’s easing path

A trader works as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange on June 12, 2024.Brendan McDermid | Re...

Wall Street analysts tout our 2 cybersecurity stocks ahead of quarterly earnings

Wall Street analysts are showing two cybersecurity stocks some love ahead of their quarterly results. The news Evercore ISI this week raised its ...

Comcast will announce the spinoff of cable networks Wednesday, sources say

The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018.Mike Blake | ReutersComcast is moving forward with the spin...

NBA, Warner Bros. Discovery agree to settle lawsuit over live game rights

A view of the NBA on TNT logo on a broadcast camera prior to the start of the third quarter of Game Four of the Western Conference Second Round P...

How to protect your portfolio against risks tied to President-elect Trump’s tariff agenda

Money manager John Davi is positioning for challenges tied to President-elect Donald Trump's tariff agenda.Davi said he worries the new administr...

Annual inflation rate hit 2.6% in October, meeting expectations

Inflation perked up in October though pretty much in line with Wall Street expectations, the Bureau of Labor Statistics reported Wednesday.The co...

Alibaba posts profit beat as China looks to prop up tepid consumer spend

Alibaba Offices In BeijingBloomberg | Bloomberg | Getty ImagesChinese e-commerce behemoth Alibaba on Friday beat profit expectations in its Septe...

Restaurant executives can’t wait for 2025 after slow traffic and wave of bankruptcies

A McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesAfter a tough year for the resta...

Elon Musk endorses Trump’s transition co-chair Howard Lutnick for Treasury secretary

Elon Musk at the tenth Breakthrough Prize ceremony held at the Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California.The...

UK economy surprises with September contraction, grows just 0.1% in the third quarter

Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local g...

Jim Cramer’s week ahead: Earnings from Nvidia, TJX and Walmart

CNBC's Jim Cramer on Friday highlighted the biggest events next week on Wall Street, pinpointing earnings reports from Nvidia, TJX and Walmart. A...

Economy

Port strike could reignite inflation, with larger economic impact dependent on how long it lasts

A strike hitting ports along the East and Gulf coasts could stoke prices for food, autos and a host of other consumer goods but is expected to ca...

Top Wall Street execs are getting skeptical on the Fed’s easing path

A trader works as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange on June 12, 2024.Brendan McDermid | Re...

Annual inflation rate hit 2.6% in October, meeting expectations

Inflation perked up in October though pretty much in line with Wall Street expectations, the Bureau of Labor Statistics reported Wednesday.The co...

UK economy surprises with September contraction, grows just 0.1% in the third quarter

Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local g...

Wholesale prices rose 0.2% in October, in line with expectations

Wholesale prices nudged higher in October, though largely in line with expectations and mostly consistent with the Federal Reserve cutting intere...

Finance

Fed’s Kashkari says Trump tariffs could reheat inflation if...

Admin—November 11, 2024 0

Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Bev...

China announces $1.4 trillion package over five years to tackle local governments’ ‘hidden’ debt

November 9, 2024

UniCredit and Commerzbank square off with target hikes amid takeover battle

November 7, 2024

China’s central bank affirms supportive monetary policy stance at closely watched meeting

November 6, 2024

Earnings

Rivian lowers earnings guidance after missing Wall Street’s...

Admin—November 11, 2024 0

Rivian Automotive lowered its earnings forecast for the year after missing Wall Street's third-quarter expectations, including a significant miss...

Sony raises guidance on gaming strength, quarterly operating profit beats estimates

November 9, 2024

E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain

November 7, 2024

Super Micro shares plunge 17% after company says no timetable for annual results, issues weak guidance

November 6, 2024

Economy

Former Treasury Secretary Mnuchin says Trump’s top prioriti...

Admin—November 11, 2024 0

President-elect Donald Trump likely will return to cornerstones of his previous economic platform such as tariffs, lower taxes and sanctions when...

Powell and the Fed won’t be able to avoid talking about Trump forever

November 9, 2024

The Fed is expected to cut interest rates again Thursday. Here’s everything you need to know

November 7, 2024

Gender? Economy? Experts weigh in on which factor is most likely to flip the presidential race

November 6, 2024