Pinterest app on a mobile phone. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines before the bell. Dollar General — Dollar General shares fell 2% after JPMorgan downgraded the discounter to underweight from a neutral as the company’s core shopper grapples with persistent inflationary pressures and dwindling savings. Pinterest —…
Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Brendan McDermid | Reuters ARK Invest CEO Cathie Wood said she did not participate in Arm‘s blockbuster initial public offering last week because she finds the…
A shopper browses fruit and vegetables for sale at an indoor market in Sheffield, UK. The OECD recently predicted that the UK will experience the highest inflation among all advanced economies this year. Bloomberg | Bloomberg | Getty Images U.K. inflation came in at 6.7% in August, below expectations and down slightly from the previous…
Market Movers rounded up the latest reactions on Amazon from investors and analysts. The pros, including Jim Cramer , discussed the e-commerce giant after it announced plans Tuesday to add 250,000 employees ahead of the holiday shopping season. Amazon typically brings in temporary workers during the busiest shopping time of the year to keep up…
An empty parking lot is pictured in front of a Planet Fitness gym and fitness club in Alhambra, California, on May 12, 2020, after stay-at-home orders in Los Angeles County were extended until July amid the Covid-19 pandemic. Frederic J. Brown | AFP | Getty Images Check out the companies making headlines in midday trading.…
The Carnival Miracle cruise ship operated by Carnival Cruise Line is docked at Pier 27 in San Francisco, Sept. 30, 2022. Justin Sullivan | Getty Images Check out the companies making headlines before the bell: Carnival, Royal Caribbean— The cruise lines both gained about 2% after being upgraded by Truist. The Wall Street firm moved…
Market Movers rounded up the latest reactions on Arm Holdings from Jim Cramer and Virtus Investment Partners’ Joe Terranova. Cramer discussed why he thinks Arm is too expensive, even as shares have recently declined. The stock climbed nearly 25% when it debuted last Thursday. Terranova talked about why he is still optimistic about the semiconductor…
In an uncertain market environment, Morgan Stanley thinks investors can regain confidence with some large-cap defensive stocks. The firm screened for stocks that have shown relative strength both year-to-date and more recently, in terms of equal weight performance. All are members of the top 1000 by market cap universe, have outperformed on a year-to-date basis,…
Shannon Stapleton | Reuters Morgan Stanley has officially kicked off the generative AI era on Wall Street. The bank plans to announce Monday that the assistant it created with OpenAI‘s latest generative AI software is “fully live” for all financial advisors and their support staff, according to a memo obtained by CNBC. “Financial advisors will…
Marco Vdm | E+ | Getty Images The wage gap costs women in the U.S. about $1.6 trillion a year, a new report finds. Women earned 78 cents for every dollar that men made in 2022, according to National Partnership for Women and Families. Researchers calculated the total cost to women of the wage gap…
