A sign hangs above a Dollar General store in Chicago on Aug. 31, 2023.Scott Olson | Getty ImagesDollar General shares tumbled Thursday after the discount retailer slashed its sales and profit guidance for the full year, suggesting its lower-income customers are struggling in this economy.Shares of the retailer, which caters to more rural areas, tumbled 25% after the earnings report.The company now expects fiscal 2024 same-store sales to be up 1.0% to 1.6%, lower than its prior outlook for a 2% to 2.7% increase. Earnings per share for the year are expected to be in the range of just $5.50…
Author: usaeverydaylife
Nvidia ‘s financials released after Wednesday’s close weren’t quite the $4 billion “Triple Lindy” of upside many investors were hoping for. But they were darn close, which avoided a feared massive sell-off in one of the three U.S. companies in the $3 trillion market cap club. Revenue for at the AI semiconductor powerhouse’s fiscal 2025 second quarter jumped 122% year-over-year to $30.04 billion, well ahead of analysts’ forecasts of $28.7 billion, according to data provider LSEG. While that was about a $1.3 billion beat, it was short of the $2 billion beat that Wall Street talked itself into. Adjusted earnings-per-share…
Morgan Stanley Wealth Management recently revamped its dividend equity model portfolio, adding positions in two new stocks – including a hot utilities play. The firm’s Equity Model Portfolio Solutions team added Constellation Energy and General Dynamics to its dividend equity portfolio. Constellation Energy, which is enjoying a rally of nearly 70% in 2024, will “increase Utilities sector exposure via a company that should benefit from structurally higher power prices and potential datacenter upside,” wrote Daniel Skelly, senior investment strategist, in a report on Wednesday. Constellation owns and operates 21 nuclear reactors, with capacity for 173 terawatt hours of power generation,…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBespoke’s Paul Hickey and Jefferies’ David Zervos join ‘Taking Stock’ to talk the biggest drivers behind the market this week.05:01Fri, Aug 23 20246:56 PM EDT Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Alex Thorn, the head of firmwide research at Galaxy Digital, discusses crypto’s weak performance in August and where markets could be headed in September. Source link
Ira L. Black – Corbis | Corbis News | Getty ImagesThe U.S. Small Business Administration plans to unveil new government-backed credit lines of up to $5 million for small businesses, SBA Administrator Isabel Casillas Guzman told CNBC.The SBA is launching a working capital pilot program in the coming months that is designed to be more attractive to both lenders and borrowers than the agency’s existing products, Guzman said in a phone interview.”An ongoing challenge for small businesses who are trying to go after that contract, perhaps to help us rebuild infrastructure … or a manufacturing facility that’s trying to expand…
Republican vice presidential nominee, U.S. Sen. J.D. Vance (R-OH) speaks at a rally at trucking company, Team Hardinger on August 28, 2024 in Erie, Pennsylvania. Jeff Swensen | Getty ImagesDonald Trump’s presidential running mate JD Vance is urging Silicon Valley billionaire Peter Thiel to “get off the sidelines” and financially support the Republican ticket, Vance told the Financial Times.Vance, in an interview in the key swing state of Wisconsin, told the outlet that he will keep trying to push Thiel, his former boss, to ditch his decision to stay out of the 2024 presidential race.”I’m going to keep on talking to…
Workers inspect the Repository in ONKALO, a deep geological disposal underground facility, designed to safely store nuclear waste, on May 2, 2023, on the island of Eurajoki, western Finland.Jonathan Nackstrand | Afp | Getty ImagesFinland is on the cusp of burying spent nuclear fuel in the world’s first geological tomb, where it will be stored for 100,000 years.The pioneering project has been hailed as both a watershed moment for the long-term sustainability of nuclear energy and “a model for the entire world.”At some point either next year or in early 2026, highly radioactive spent nuclear fuel will be packed in…
This year’s wine harvest is in full swing on the perennially popular Greek island of Santorini, but for local winemaker Yiannis Paraskevopoulos, the prospects do not look good.Extreme temperatures are threatening production of the indigenous Assyrtiko grape, critical to the island’s internationally recognized fine white wines. Last year’s output at Paraskevopoulos’s Gaia Wines was around one-third of 2022 production. This year’s harvest is estimated to fall to one-sixth of 2022 levels.”We thought we had seen the worst. But no, we hadn’t: 2024 has gone beyond all expectations,” Paraskevopoulos told CNBC over the phone.According to Gaia Wine’s 2023 estimates, Assyrtiko could…
CrowdStrike shares slipped 4% in extended trading on Wednesday after the cybersecurity software maker reported strong fiscal second-quarter results but reduced full-year guidance in the wake of a global outage.Here is how the company did compared to LSEG consensus:Earnings per share: $1.04 adjusted vs. 97 cents expectedRevenue: $963.9 million vs. $959 million expectedCrowdStrike’s revenue grew 32% year over year in the quarter, which ended July 31, according to a statement. The company recorded net income of $47 million, or 19 cents per share, compared to $8.47 million, or 3 cents per share, in the same quarter a year ago.Annual recurring…
