EverydayRead

Dick’s Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election

Dick's Sporting Goods on Wednesday blew past Wall Street's earnings estimates in its fiscal second quarter and while the retailer did raise its f...

Chinese EV maker Zeekr says its new battery can charge faster than that of a Tesla

The New York Stock Exchange welcomes Zeekr Intelligent Technology Holding Limited in celebration of its initial public offering on May 10, 2024.B...

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

Pan Gongsheng, governor of the People's Bank of China, delivers a speech during the 2024 Lujiazui Forum on June 19, 2024 in Shanghai, China.Vcg |...

Here’s everything to expect from Fed Chair Powell’s speech Friday in Jackson Hole

U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest ra...

Business

CDC says 75 people affected in E. coli outbreak linked to McDonald’s Quarter Pounders

A deadly E. coli outbreak linked to McDonald's Quarter Pounders has led to 75 cases in 13 states, the Centers for Disease Control and Prevention ...

Intuit shares drop as quarterly forecast misses estimates due to delayed revenue

Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024.Rodin Eckenroth | Filmmagic | Getty Imag...

Streaming deals are key to future of NFL viewership, fandom

The National Football League's bet on streaming is paying off — and helping to broaden its fanbase in the U.S. and globally.Hans Schroeder, the N...

Boeing machinists on picket lines prepare for lengthy strike: ‘I can last as long as it takes’

Boeing factory workers gather on a picket line during the first day of a strike near the entrance of a production facility in Renton, Washington,...

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...

Gap beats earnings and revenue estimates, hikes profit margin outlook as results are posted early

A Gap store in New York, US, on Monday, May 27, 2024. Stephanie Keith | Bloomberg | Getty ImagesGap raised its full-year profit outlook on T...

TikTok and fast-food rivalry fuel Chili’s sales as parent Brinker says turnaround is taking hold

An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili's same-store sales climb nearly 15% in its latest quarter.But...

Earnings

Meta shows aggressive spending on AI is already paying off in big earnings beat

Meta Platforms on Wednesday reported better than expected quarterly results, delivering revenue at the high end of guidance thanks to a roughly 2...

Nvidia’s earnings cleared our lofty bar. Here’s our new price target on the AI chip king

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

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

Latest

Top 10 S&P 500 stock winners since Election Day

Stock traders on the floor of the New York Stock Exchange.Michael M. Santiago | Getty Images News | Getty ImagesMany large U.S. companies have se...

Trump and Fed Chair Powell could be set on a collision course over interest rates

Jerome Powell and President Donald Trump during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thu...

Intuit shares drop as quarterly forecast misses estimates due to delayed revenue

Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024.Rodin Eckenroth | Filmmagic | Getty Imag...

Gap shares surge as it raises guidance, touts ‘strong start’ to holiday

Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better-than-expec...

U.S. ‘industrial renaissance’ is fueling a rebound in fundraising, Apollo CEO Marc Rowan says

Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O'Hanley, chief executive officer of State Street Corp., ...

Here’s where the jobs are for October 2024 – in one chart

Getty ImagesThe jobs report for October came in much weaker than expected, and employment growth across different industries painted a mixed pict...

Nvidia’s earnings cleared our lofty bar. Here’s our new price target on the AI chip king

Nvidia shares moved lower Wednesday evening despite another beat-and-raise quarter. Simply put, the leading maker of AI chips again fell victim t...

Hyundai reveals all-electric Ioniq 9 three-row SUV

2026 Hyundai Ioniq 9 EV.HyundaioHyundai Motor's newest all-electric vehicle is the 2026 Ioniq 9 SUV — a three-row, up to seven-passenger SUV for ...

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...

Economy

Retail sales rose 0.4% in September, better than expected; jobless claims dip

Consumer spending held up in September, underscoring a resilient economy that is now getting a boost from the Federal Reserve, the Commerce Depar...

Trump and Fed Chair Powell could be set on a collision course over interest rates

Jerome Powell and President Donald Trump during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thu...

Here’s where the jobs are for October 2024 – in one chart

Getty ImagesThe jobs report for October came in much weaker than expected, and employment growth across different industries painted a mixed pict...

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...

Finance

China set to report retail sales and industrial production data f...

Admin—November 15, 2024 0

Pictured here is a Shanghai development under construction on Nov. 4, 2024.Cfoto | Future Publishing | Getty ImagesBEIJING — China's National Bur...

Hedge funds performed better under Democratic presidents than Republican ones, history shows

November 13, 2024

Fed’s Kashkari says Trump tariffs could reheat inflation if they provoke global trade ‘tit for tat’

November 11, 2024

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

November 9, 2024

Earnings

Here’s why investors are so excited about Disney’s qu...

Admin—November 15, 2024 0

Disney is back. After several quarters of cutting costs and revamping its streaming business, CEO Robert Iger's turnaround plans is paying off: O...

Spotify shares pop on better-than-expected profit forecast

November 13, 2024

Rivian lowers earnings guidance after missing Wall Street’s third-quarter expectations

November 11, 2024

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

November 9, 2024

Economy

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

Admin—November 15, 2024 0

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

What Trump’s historic election victory means for the global economy

November 13, 2024

Former Treasury Secretary Mnuchin says Trump’s top priorities will be tax cuts, Iran sanctions and tariffs

November 11, 2024

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

November 9, 2024