EverydayRead

Digital bank Revolut slams Meta over approach to scams, says tech giant should compensate victims

Revolut CEO, Nikolay Storonsky (L) and Meta CEO, Mark Zuckerberg.ReutersBritish financial technology firm Revolut on Thursday criticized Facebook...

Pfizer says its experimental drug for deadly condition that causes appetite and weight loss in cancer patients shows positive trial results

Pfizer's experimental drug for a common, life-threatening condition that causes cancer patients to lose their appetite and weight showed positive...

The Fed is finally cutting rates, but banks aren’t in the clear just yet

Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interes...

ETF inflows set record high in July, State Street Global Advisors finds

It's a July for the record books.State Street Global Advisors finds inflows into exchange-traded funds hit $127 billion. Not only was it the best...

Business

Bronfman’s Paramount bid could keep Shari Redstone involved at the company

Edgar Bronfman, Jr.Cameron Costa | CNBCEdgar Bronfman Jr.'s offer for a controlling stake in Paramount Global could keep Shari Redstone close to ...

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...

NFL owners vote in favor of private equity investment; select firms commit $12 billion

The NFL's most exclusive club just let in new members.At a special league meeting in Eagan, Minnesota, on Tuesday, National Football League owner...

Chipotle misses revenue estimates as same-store sales growth disappoints

A customer holds a bag of food outside of a Chipotle restaurant in New York on Jan. 12, 2024.Angus Mordant | Bloomberg | Getty ImagesChipotle Mex...

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...

Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft

Chinese smartphone company Oppo ranks second in mainland China, and fourth worldwide, according to Canalys.Nurphoto | Nurphoto | Getty ImagesBEIJ...

UK economy expands 0.6% in second quarter; June growth stalls

A guided tour in the center of in York, UK, on Friday, June 7, 2024.Bloomberg | Bloomberg | Getty ImagesThe U.K. economy grew by 0.6% in the seco...

Earnings

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...

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

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

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...

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...

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Economy

UK economy expands 0.6% in second quarter; June growth stalls

A guided tour in the center of in York, UK, on Friday, June 7, 2024.Bloomberg | Bloomberg | Getty ImagesThe U.K. economy grew by 0.6% in the seco...

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

Hedge funds performed better under Democratic presidents than Rep...

Admin—November 13, 2024 0

Traders work on the floor of the New York Stock Exchange. NYSEThere's been a rush of enthusiasm on Wall Street regarding Donald Trump's elec...

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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

UniCredit and Commerzbank square off with target hikes amid takeover battle

November 7, 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...

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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...

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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