July 2022 Producer Price Index: Wholesale inflation down 0.5%

July 2022 Producer Price Index: Wholesale inflation down 0.5%

Wholesale prices fell in July for the first time in two years as a plunge in energy prices slowed inflation, the Bureau of Labor Statistics reported Thursday. The producer price index, which measures received prices for products against final demand, fell 0.5% from June, the first month-to-month decline since April 2020, the month after Covid-19 … Read more

Six Flags, Canada Goose, Warby Parker and more

Six Flags, Canada Goose, Warby Parker and more

Check out the companies that make headlines before the bell: Six Flags (SIX) – The theme park operator’s share of the premarket plunged 12.8% after quarterly earnings and sales fell far short of Wall Street’s forecasts. Six Flags saw its results hit by a 22% drop in turnout, among other things. Canada Goose (GOOS) – … Read more

Dow futures tick higher after Wednesday’s market rally

Dow futures tick higher after Wednesday’s market rally

Dow futures were higher in overnight trading on Wednesday after all major averages posted sharp gains on the back of a better-than-expected July inflation report. Futures pegged to the Dow Jones were up 0.27% or 89 points, while S&P 500 futures and Nasdaq 100 futures were up 0.26% and 0.38%, respectively. Disney added 6.7% in … Read more

Disney, Bumble, Sonos and more

Disney, Bumble, Sonos and more

Disney store can be seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines Wednesday after the bell: Walt Disney – Shares of the entertainment company rose 5.8% after Disney booked better-than-expected Disney+ subscriptions in the previous quarter. Subscriptions came in at 152.1 million, above StreetAccount’s expected 147.76 … Read more

Coinbase, Roblox, Wendy’s and more

Coinbase, Roblox, Wendy’s and more

Check out the companies that make headlines during afternoon trading. Coinbase reported a 27% drop in revenue in the first quarter as usage of the platform declined. Chesnot | Getty Images Coinbase – Shares of the cryptoservice operator were up about 6%, despite the company reporting a larger-than-expected loss late Tuesday and a decline in … Read more

Wendy’s, Coinbase, Buzzfeed and more

Wendy’s, Coinbase, Buzzfeed and more

Check out the companies that make headlines before the bell: Wendy’s (WEN) – Shares of Wendy’s fell 1% in premarket trading after a mixed quarter, in which the restaurant chain reported better-than-expected earnings, while sales lagged Street forecasts. Sales of the same restaurants in the US rose 2.3%, less than analysts had estimated, as consumers … Read more

Stocks Making the Biggest Moves After Hours: Coinbase, Roblox, and More

Stocks Making the Biggest Moves After Hours: Coinbase, Roblox, and More

In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA images | Light rocket | Getty Images Check out the companies making headlines in after-hours trading. Coinbase – Coinbase fell more than 3.5% in afterhours trading after reporting quarterly results. The company missed analysts’ expectations on both revenue … Read more

Norwegian Cruise Line, Micron Technology, Signet Jewelers, Novavax and more

Norwegian Cruise Line, Micron Technology, Signet Jewelers, Novavax and more

A view of the Norwegian cruise ship Encore during its inaugural voyage from PortMiami, which took place November 21-24, 2019. Orlando Sentinel | Tribune News Service | Getty Images Check out the companies that make headlines during afternoon trading. Norwegian Cruise Line — Shares fell nearly 12% on Tuesday after the company reported second-quarter results … Read more

Novavax, GoodRx, Allbirds and more

Novavax, GoodRx, Allbirds and more

Check out some of the biggest movers in the premarket: Novavax (NVAX) – The drugmaker’s stock in the premarket plunged 32.3% after an unexpected quarterly loss and halving its full-year revenue forecast. Novavax said it did not expect further US sales of its Covid-19 vaccine this year amid weak demand and oversupply. GoodRx (GDRX) – … Read more

Stock futures rise slightly as Wall Street waits for inflation data

Stock futures rise slightly as Wall Street waits for inflation data

Traders on the floor of the NYSE, August 1, 2022. Source: NYSE US stock futures rose slightly Monday night after Wall Street weighed the outlook for chip stocks, and looked ahead to more earnings results and inflation data that will set the pace of future rate hikes. The Dow Jones Industrial Average futures were up … Read more