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 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
CNBC’s Jim Cramer said on Wednesday that inflation is peaking, which is good news for stocks that have been trampled in recent months. “The stock market… fully saw peak inflation coming. I think you had to be intentionally stupid to miss this because commodity prices collapsed a while ago, but now it’s undeniable,” said the … Read 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
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
Stock futures were little changed early Wednesday as investors looked ahead to a major inflation report to be released Wednesday. The Dow Jones Industrial Average futures were flat. S&P 500 and Nasdaq 100 futures were fractionally lower. The moves come after the S&P 500 and Nasdaq fell for the third day in a row on … Read 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
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
CNBC’s Jim Cramer said Monday that the Federal Reserve could raise interest rates in August, before its next scheduled meeting in September, if this week’s economic data shows inflation does not abate. “The Fed is still in charge of this market. A week ago it looked like they were going to calm down, but after … Read more
According to market forecaster Jim Bianco, Washington’s efforts to curb inflation will fall especially short this year. And he believes this week’s key inflation data will help prove it. “I don’t see anything that will lower inflation. There are some things that could lower prescription drug prices and maybe a few other things,” the president … Read more
