GameStop, Dexcom, Cano Health and more

GameStop, Dexcom, Cano Health and more

Traders work on the floor of the New York Stock Exchange (NYSE) under GameStop signage in New York City, August 8, 2022. andrew kelly | Reuters Check out the companies making headlines Thursday at noon. GameStop – Shares of the video game retailer and meme stocks jumped more than 8% even after the company reported … Read more

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

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

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

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

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

Stock futures are flat on Tuesday evening

Stock futures are flat on Tuesday evening

Equity futures were little changed on Tuesday night. Futures tied to the Dow Jones Industrial Average rose 36 points, or 0.1%, while S&P 500 and Nasdaq 100 futures each rose 0.1%. In regular trading, the Dow Jones fell more than 350 points, or 1.03%. The S&P 500 and the Nasdaq Composite lost 1.4% and 2% … Read more

Jim Cramer says he expects ‘lots of layoffs’ at companies after Christmas

Jim Cramer says he expects ‘lots of layoffs’ at companies after Christmas

CNBC’s Jim Cramer predicted on Tuesday that more companies would downsize after the holiday season. “I’m sure there will be a lot of layoffs after Christmas. I don’t want to point fingers at which retailers are most likely to go bankrupt at the end of the holidays, but I want people to realize that, to … Read more

The Fed Can’t Stop Raising Interest Rates Because of These 4 Factors

The Fed Can’t Stop Raising Interest Rates Because of These 4 Factors

CNBC’s Jim Cramer listed four reasons why the Federal Reserve can’t stop tightening the economy just yet. Not enough people are re-entering the labor market. This makes it harder for the Fed to eradicate wage inflation. There is a gap between job offers and job seekers. While many engineers are needed to implement the measures … Read more