Spooked stock market faces tech earnings minefield, Fed meeting
Spooked investors are gearing up this week for earnings reports from the market’s biggest tech companies, a Federal Reserve policy meeting and a closely watched jobs report that could determine the short-term trajectory of U.S. stocks after a wild turmoil. A months-long rally for big tech stocks hit a wall in late July, leading to […]
Microsoft or AMD: Deutsche Bank Chooses the Superior Tech Stock to Buy Ahead of Earnings – TipRanks
Over the past 12 months, market headlines have been dominated by technology, AI, and bull market news. It’s no secret that the explosive growth of AI has driven the rise of technology stocks on the market, but its success has led to the question: is this just a bubble? That question may be answered soon, […]
Stock futures rise slightly ahead of loaded week for tech earnings: Live updates – CNBC
Stock futures were slightly higher late Sunday as Wall Street prepared for a busy week of corporate earnings reports. Futures Dow Jones Industrial Average It increased by 72 points, or about 0.2%. S&P 500 Futures Up 0.2% Nasdaq 100 Futures Added 0.3%. The futures moves come after a volatile week for stock markets. of S&P […]
Tesla Shares Plummet 12% as Q2 Earnings Miss Expectations amid Dismal EV Market
Elon Musk’s Tesla took a big hit, with its shares falling more than 12% in morning trading on Wednesday after reporting disappointing second-quarter results. CNBC Reports Tesla’s second-quarter earnings report shocked the investment community, sending the company’s shares plummeting more than 12% in morning trading Wednesday. The surprise drop came after the electric car maker […]
Tesla shares dip after lackluster earnings report
Tesla shares fell 12% on Wednesday after the electric car maker reported second-quarter profit that fell short of expectations. The company, led by billionaire tech mogul Elon Musk, made revenue of $25.5 billion in the three months from April to June, up 2% from the same period last year. But despite cost-cutting efforts, including widespread […]
Nasdaq futures fall after Alphabet, Tesla report earnings: Live updates – CNBC
35 minutes ago Tesla misses profit target for fourth consecutive year Tesla reported weaker-than-expected profits on Tuesday, making it the first electric-car maker to post four consecutive earnings misses. Second-quarter profits fell 17% below consensus, the biggest profit fall since January 2021. Tesla’s gross margin fell to 14.6% in the latest quarter, halving from 30% […]
S&P 500 futures are little changed as investors await key earnings reports: Live updates – CNBC
18 minutes ago CBOE Volatility Index rate of change measure hits April high last week The CBOE Volatility Index (VIX) 10-day volatility gauge rose to 32 last week, the highest level since April, according to data compiled by Canaccord Genuity analyst Michael Welch. Welch said that of the five times the measure (which is separate […]
Amex Earnings: Gen Z, Millennials Drive Credit Card Volume Growth – PYMNTS.com
American Express The earnings, released on Friday (July 19), showed that consumers continue to spend money on experiences, especially dining out, driven by younger generations who are using their cards more frequently. Spending by millennial and Gen Z customers increased 13% year over year, according to executives. CFO Christophe Le Caillec Spending growth was seen […]
Burglars Hit Bhad Bhabie’s Home Days After She Posts Multi-Million Dollar OnlyFans Earnings, Police Say: REPORT
Burglars forced their way into the home of famous singer Bhad Bhabie and successfully made off with some of her personal items just days after she flaunted her wealth online, police sources told TMZ. Bhad Bhabie publicly declared that she had earned $57 million on OnlyFans, just days before her home was burglarized. Law enforcement […]
First Horizon CEO talks regional bank competition after earnings miss – CNBC
After First Horizon reported weaker-than-expected profits on Wednesday morning, the regional bank’s CEO, Brian Jordan, told CNBC’s Jim Cramer that tough competition in the industry could continue through the rest of the year. “Competition is increasing. Money market and CD deposit rates are becoming very competitive,” Jordan said. “We’re seeing a lot of special rates […]