PIctured here is the Qianwen container terminal in the port city of Qingdao, Shangdong, China on July 11, 2024. Cfoto | Future Publishing | Getty Images BEIJING — China’s imports fell in June, missing expectations for slight growth, while exports rose more than expected, customs data released Friday showed. China’s imports fell by 2.3% in…
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024. Victor J. Blue | Bloomberg | Getty Images JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell Friday. Here’s what Wall…
Check out the companies making headlines in midday trading: Delta Air Lines — The stock fell almost 5% after the airline issued a sales growth forecast for the third quarter that came in below expectations. The company also reported an almost 30% decrease in net income for the second quarter compared to a year ago.…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. The S & P 500 and Nasdaq on Thursday retreated from their record highs, set in the previous session, after a cooler-than-expected inflation report sent investors out of Big Tech…
Oscar Wong | Moment | Getty Images There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months. Banks involved in the mess caused by the collapse of fintech intermediary Synapse have made progress piecing together account information for stranded customers that could…
The stock market’s red-hot mania for artificial intelligence is increasingly detached from reality as adoption of the burgeoning technology appears slower than expected, according to Goldman Sachs. “Our conversations with investors have been defined by skepticism about latter stages of AI adoption,” Ryan Hammond of Goldman’s portfolio strategy research team said in a recent note…
Check out the companies making headlines before the bell. Delta Air Lines — Shares tumbled 9% after the airline issued a lower-than-expected sales growth forecast in the current quarter. Net income also fell 30% in the second quarter despite revenue reaching record highs. Costco Wholesale — Costco shares added nearly 3% after the wholesale club…
Wall Street is getting ready for a new batch of cryptocurrency exchange-traded funds: ethereum. Spot ether ETFs could hit the market as soon as this week, pending U.S. Securities and Exchange Commission approval, and Bitwise Asset Management’s Matthew Hougan plans to get in on the action. “What you’re seeing is this sort of the birth…
The Costco Wholesale Corp. logo is displayed above a gas station in Hawthorne, California, on June 12, 2024. Patrick T. Fallon | Afp | Getty Images Check out the companies making headlines after the bell: WD-40 Company — Shares gained 11% after the maker of metal lubricants reported fiscal third-quarter results that beat analysts’ expectations.…
Check out the companies making headlines in midday trading: Intuit — Shares of the TurboTax parent company fell nearly 4% after it said it will slash 1,800 jobs , or about 10% of its workforce, as it boosts investments in artificial intelligence. Intuit said it plans to rehire 1,800 people for engineering, product and consumer-focused…
