Check out the companies making headlines in premarket trading. Macy’s — The department store operator added about 3% after beating earnings estimates for the first quarter and raising its full-year outlook. Macy’s touted its turnaround plan as a driver for the strong results. Lowe’s — The home improvement stock rose more than 2% after the […]
A computer with a “system hacked” alert due to a cyber attack on a computer network. Teera Konakan | Moment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to […]
A real estate construction site in Wanxiang City, Huai ‘an City, East China’s Jiangsu province, May 17, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — China’s sweeping moves on Friday to increase support for real estate will take time to show results, analysts said. Despite the news, S&P is still sticking to […]
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Jamie Dimon thinks shares of JPMorgan Chase are expensive. That was the message the […]
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the UK Global Investment Summit at Hampton Court Palace in London, UK, on Monday, Nov. 27, 2023. Bloomberg | Bloomberg | Getty Images Jamie Dimon‘s days as CEO of JPMorgan Chase are numbered — though its unclear by how much. In a response to […]
Check out the companies making headlines in midday trading: Hims & Hers Health — Shares surged more than 30% after the telehealth company introduced access to compounded GLP-1 injections, expanding on the weight loss program it launched in December. Wix.com — The web development company jumped more than 25% after it posted better-than-expected first-quarter results. […]
Coroimage | Moment | Getty Images Americans traveling this summer have broadly seen prices fall for airline fares, a welcome trend after last year’s sticker shock. But airfare remains more expensive in 2024 for some regions and destinations, largely for trips abroad, data shows. For example, an average round-trip flight to Tokyo, Japan — one […]
Check out the companies making headlines before the bell. Apple — Apple shares slipped less than 1% after Reuters reported the technology giant is implementing aggressive discounts on its iPhones in China. Micron Technology — Shares moved 2.3% higher after Morgan Stanley upgraded the semiconductor company to equal weight from underweight. The bank said it […]
Winning in China’s electric car market is no longer just about having the cheapest price. Despite new U.S. tariffs , the Chinese electric car industry is already moving into a new phase of competition no longer centered on sticker prices alone, many in the industry say. That’s good news for profit margins. But it also […]
The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. But it will likely fail due to a lack of an over-arching regulatory framework for all cryptocurrencies, according to Ric Edelman, head of the Digital Assets Council of Financial Professionals. “I think that there’s going […]
