Ciena, GameStop, Rent The Runway and others

Ciena, GameStop, Rent The Runway and others

Check out the companies making headlines before the bell: Respect (CIEN) – The networking equipment maker’s stock jumped 19.1% after surging revenue and net income in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest quarter, versus a consensus estimate of 8 cents. The company also said it expects “outsized” … Read more

Retail investors say stock market will bottom out in 2023: Finimize survey

Retail investors say stock market will bottom out in 2023: Finimize survey

A chart displaying Apple’s stock price on a smartphone app. Jaap Arriens | Nurphoto | Getty Images LONDON — Retail investors have not been scared off by the fall in stocks this year. In 2023, most individual investors plan to invest the same amount or more despite the cost of living crisis, according to a … Read more

Wealthy Chinese keep spending while others cut spending: McKinsey survey

Wealthy Chinese keep spending while others cut spending: McKinsey survey

Pictured is a science fiction-themed installation at Maison Hermes in Shanghai, China, November 28, 2022. Edition of the future | Edition of the future | Getty Images BEIJING — Wealthier Chinese were more likely to spend this year, while poorer people cut spending even more, McKinsey and Company found in a survey released Thursday. The … Read more

Hong Kong shares rise around 3% after reports say city plans to ease Covid rule

Hong Kong shares rise around 3% after reports say city plans to ease Covid rule

China’s National Health Commission issues guidelines for treating Covid at home Chinese health authorities announced guidelines on Thursday to treat Covid patients at home, a day after formalizing a policy that allows most infected patients to quarantine at home, as part of the easing measures in the country. The notice on the National Health Commission … Read more

Hong Kong shares rise nearly 3% after reports say city plans to ease Covid rule

Hong Kong shares rise around 3% after reports say city plans to ease Covid rule

Hong Kong plans to scrap outdoor mask rules: report Fitch expects house prices in Australia and China to fall in 2023 Fitch Ratings expects house prices in Australia to fall significantly by 7% to 10% next year, it said in its latest outlook report. The agency also predicts that house prices in China will fall … Read more

Stock futures were little changed as investors assess the risk of an economic slowdown

Stock futures were little changed as investors assess the risk of an economic slowdown

U.S. stock futures were little changed Wednesday night after a fifth straight day of losses for the S&P 500 as Wall Street gauged the likelihood of a recession. Dow Jones Industrial Average futures gained 15 points, or 0.04%. S&P 500 futures added 0.02%, while Nasdaq 100 futures rose 0.004%. Shares of Rent the track jumped … Read more

Maxine Waters Doesn’t Plan To Subpoena Sam Bankman-Fried To Testify In Crypto Exchange Collapse Hearing

Maxine Waters Doesn’t Plan To Subpoena Sam Bankman-Fried To Testify In Crypto Exchange Collapse Hearing

Representative Maxine Waters (D-CA) participates in a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters House Financial Services Committee Chair Maxine Waters told Democrats she does not plan to subpoena former FTX CEO Sam Bankman-Fried to testify at Tuesday’s hearing on the fast demise of the crypto exchange, according … Read more

5 things to know before the stock market opens on Wednesday, December 7

5 things to know before the stock market opens on Wednesday, December 7

Traders on the NYSE floor Source: NYSE Here are the most important information investors need to start their trading day: 1. Can stocks take the leap? US stock markets entered a deep funk on Wednesday. After big losses on Monday, stocks fell again on Tuesday: the Nasdaq lost 2%, the S&P 500 fell 1.4% and … Read more

Campbell’s Soup, Pinterest, Toll Brothers and others

Campbell’s Soup, Pinterest, Toll Brothers and others

Check out the companies making headlines before the bell: Campbell’s Soup (CPB) – Campbell Soup beat estimates by 14 cents with adjusted quarterly earnings of $1.02 per share. Revenues also beat consensus and the food producer said its results were helped by strong prices, improved productivity and supply chain improvements. Campbell Soup rose 1.2% premarket. … Read more

Charts suggest market is about to have a ‘bumpy ride’, says Jim Cramer

Charts suggest market is about to have a ‘bumpy ride’, says Jim Cramer

CNBC’s Jim Cramer warned investors on Tuesday that market volatility is likely to continue as its recent run falters. “The charts, as interpreted by Jessica Inskip, suggest that the broader market may have a bumpy ride as we exit bear market rally mode,” he said. Shares fell on Tuesday, continuing losses from the previous session … Read more