Software stocks got pummeled this week after a cluster of troubling earnings reports – CNBC
Shares of cloud software vendor Salesforce plunged about 20% on Thursday, its biggest drop since 2004, after the company reported weaker-than-expected revenue and a disappointing earnings outlook. Chief Executive Marc Benioff said Salesforce grew rapidly during the pandemic as companies rushed to buy products for remote work, after which customers had to integrate and ultimately […]
More Americans will be able to file their taxes for free through the IRS next year – CNBC
“The Treasury Department and the IRS look forward to working with states to expand direct tax return filing to Americans across the country,” Treasury Secretary Janet Yellen said in a statement. In 2024, filers in 12 states who have “simple” tax situations, such as making less than $200,000 a year from W-2 income alone, Try […]
A hedge on chip stocks if some of the profit-taking in Nvidia continues – CNBC
Semiconductors have been a big, profitable investment theme for investors in recent years, but it seems like a breather is imminent for this red-hot sector. With signs of profit taking in Nvidia (NVDA) this week for the first time since its post-earnings surge, it may be time to hedge against further declines in the semiconductor […]
FOX Business Network’s first-ever ratings win over CNBC during primetime breaking news
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Stock futures inch lower as investors review earnings, brace for inflation report: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024. Michael M. Santiago | Getty Images U.S. stock futures fell overnight on Thursday as investors focused on surging corporate earnings ahead of a key inflation report. Wall Street is also heading for a down week after a […]
Thursday's stocks to watch on Wall Street like Apple & Nvidia – CNBC
Here are some stocks to watch on Wall Street on Thursday: Baird names UnitedHealth an outperform Baird said the health insurer is his favorite idea at the company. “Our largest structural long is UnitedHealth Group (UNH – $597 price target, +20% upside), the most vertically and horizontally integrated managed care company.” Evercore ISI upgrades Okta […]
CNBC Daily Open: Dow drops, Nvidia can't save Nasdaq – CNBC
Traders work on the floor of the New York Stock Exchange during morning trading on May 24, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. The CNBC Daily Open brings investors all the information they need to know, wherever they […]
Stock futures slide as Salesforce tumbles on revenue miss and soft guidance: Live updates – CNBC
1 hour ago Salesforce alone is expected to drop 281 points off the Dow Jones Industrial Average when trading opens on Thursday. Salesforce shares fell about $43 in after-hours trading on Wednesday and are on track to fall 281 points off the Dow Jones Industrial Average when the market opens on Thursday. Salesforce is Second […]
UiPath shares tank 30% after company announces CEO shakeup – CNBC
Daniel Dines, billionaire co-founder of automation software company UiPath, at the company’s offices in Bucharest, Romania, Thursday, May 20, 2021. Andrzej Pungovski | Bloomberg | Getty Images Shares of software company UiPath plunged more than 30% on Wednesday after the company announced that CEO Rob Ensslin would step down on June 1 and be replaced […]
Stocks making the biggest moves midday: ANF, UNH, NFLX – CNBC
A look at companies catching the eye in midday trading: Abercrombie & Fitch — Shares jumped 22% after the apparel retailer said first-quarter sales rose 22% year over year. Abercrombie’s profit for the quarter was nearly seven times higher than a year ago, beating Wall Street expectations. Netflix — Morgan Stanley reiterated its overweight rating […]