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

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

European markets open at close, data, news and results

European markets open at close, data, news and results

Slowdown in private equity deals set to continue in 2023, says fund manager The slowdown in private equity transactions is expected to continue in the first quarter of 2023, according to a trust fund manager at Abrn. Alan Gauld, trust fund manager of private equity opportunities at Abrn, discussed the company’s 2023 outlook for private … Read more

McDonald’s hopes discounts and contests will boost mobile sales

McDonald’s hopes discounts and contests will boost mobile sales

Sopa Pictures | Light flare | Getty Images Last end of year holidays, McDonald’s relied on star and singer Mariah Carey’s discounts to drive customers to their mobile app. This year, the Chicago-based restaurant giant is taking it a step further by offering customers the chance to win a free McDonald’s for life for themselves … Read more

Harry and Meghan Receive Award in New York Ahead of Netflix Series Release

Harry and Meghan Receive Award in New York Ahead of Netflix Series Release

CNN — The Duke and Duchess of Sussex said ‘we know a wave of hope can turn into a wave of change’ after being honored in New York for their work on racial justice and mental health. Prince Harry and Meghan were in the Big Apple to receive the 2022 Ripple of Hope Award from … 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

TSMC boosts investment in Arizona chipmaking to $40 billion ahead of Biden visit

TSMC boosts investment in Arizona chipmaking to  billion ahead of Biden visit

New York CNN Business — Taiwan Semiconductor Manufacturing Company is increasing its investment in the United States, announcing on Tuesday that it is building a second semiconductor factory in Arizona and increasing its investment there from $12 billion to $40 billion. The move marks one of the “largest foreign direct investments in U.S. history,” according … Read more

Stock futures are up slightly as fears grow over upcoming interest rate hikes

Stock futures are up slightly as fears grow over upcoming interest rate hikes

Stock futures traded lightly late Monday as investors tried to shake off the previous session’s selloff. Dow Jones Industrial Average futures added 35 points, or 0.1%. S&P 500 and Nasdaq-100 futures both gained 0.1%. Monday’s close marked a negative start to the trading week. The Nasdaq Composite led the charge lower, shedding 1.93% to end … Read more

Stock futures are up slightly as fears grow over upcoming interest rate hikes

Stock futures are up slightly as fears grow over upcoming interest rate hikes

Stock futures are trading nearly flat on Monday night as investors tried to shake off the previous session’s selloff. Dow Jones Industrial Average futures added 52 points, or 0.1%. S&P 500 and Nasdaq-100 futures both gained 0.1%. Monday’s close marked a negative start to the trading week. The Nasdaq Composite led the charge lower, shedding … Read more