CEO of Workday Carl M. Eschenbach and Ana Eschenbach attend the Allen and Company Sun Valley Media and Technology Conference at The Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2025.Brendan McDermid | ReutersWorkday reported an earnings beat on Thursday, but issued guidance that was inline with estimates and warned of pressure in some areas. The shares slipped in extended trading.Here’s how the company did relative to LSEG consensus:Earnings per share: $2.21 adjusted vs. $2.11 expectedRevenue: $2.35 billion vs. $2.34 billion expectedRevenue increased 13% from a year earlier in the fiscal second quarter, which ended on July 31,…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyBill Simon, Former Walmart U.S. CEO, joins ‘Fast Money’ with reaction to Walmart quarterly results and the state of U.S. retail.05:568 minutes ago Source link
After years of stock market growth, many investors are sitting on large profits in taxable accounts, which could trigger hefty capital gains when sold. That bill can be significant for wealthy Americans, with a 20% top capital gains rate, plus 3.8% net investment income tax, depending on earnings. One solution, known as a 351 conversion or exchange, allows higher earners to transform appreciated assets into shares of new exchange-traded funds. The strategy seeds ETFs before launch, and the original investor defers capital gains until selling their shares.For some investors, the strategy is “like magic,” said certified financial planner David Haas, president of…
Federal Reserve Chair Jerome Powell is set to deliver what almost certainly will be his last keynote address at the central bank’s annual conclave during one of the most tumultuous times in its history.What’s at stake is the near-term sentiment for financial markets, the longer-term path of the Fed’s policy trajectory, and a not insignificant dose of trying to preserve vestiges of independence at a time when the normally sacrosanct institution is facing enormous political pressure.If Friday’s speech at Jackson Hole, Wyoming, goes at all like Powell’s first seven-plus years in office, it will feature a calm and collected veneer…
Stocks that have missed analysts’ expectations on both the top and bottom lines this earnings season could be good candidates to sell, according to Wolfe Research. For the most part, the second-quarter earnings season has blown away Wall Street expectations. Approximately 94% of the S & P 500 has already reported, and 82% of companies have delivered a positive earnings surprise. About 79% of companies have posted revenue exceeding analysts’ estimates. But several stocks have lagged their numbers. A recent report from Wolfe Research shared a list of companies that investors might consider selling — stocks that missed both revenue…
US President Donald Trump looks on as Alina Habba speaks during a swearing in ceremony as US Attorney General for New Jersey, in the Oval Office of the White House in Washington, DC, on March 28, 2025.Saul Loeb | Afp | Getty ImagesA federal judge on Thursday disqualified acting U.S. Attorney for New Jersey Alina Habba from participating in any ongoing criminal cases lodged by her office, after the lawfulness of her appointment by the Trump administration was challenged in two separate cases.Judge Matthew Brann said that Habba’s appointment as the interim top federal prosecutor in New Jersey by the…
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023.Gonzalo Fuentes | ReutersElon Musk’s Tesla is facing a federal probe by the National Highway Traffic Safety Administration after the U.S. auto safety agency found that the company was not reporting crashes as required.According to documents posted to NHTSA’s website on Thursday, the agency’s Office of Defects Investigation had “identified numerous incident reports” from Tesla concerning crashes that had “occurred several months or more before the dates of the reports” to the agency.The delayed reports were…
Share buyback announcements among S & P 500 companies are approaching $1 trillion in 2025, and investors can turn to a few names to help bolster their portfolio’s returns, according to Jefferies. This year, announced share repurchases for constituents in the broad market index have totaled $936 billion, up 30% from the year-ago period, the firm said. These buybacks have helped lift the S & P 500 , which is up more than 8% in 2025. Big names that have shared plans to snap up shares this year include Apple – which announced a $100 billion buyback plan in May…
The new Cracker Barrel logo is seen on a menu inside the restaurant on Aug. 21, 2025 in Homestead, Florida.Joe Raedle | Getty ImagesShares of Cracker Barrel Old Country Store plummeted roughly 10% on Thursday after the restaurant unveiled its new logo earlier this week as part of a larger brand refresh.The new logo removes the image of a man leaning against a barrel that was prominently featured in the original, leaving behind just the words “Cracker Barrel” against a yellow background. The phrase “old country store” has also been removed.The company said the colors in the logo were inspired…
After pulling back to an ascending 200-day moving average in mid-June, shares of Mastercard (MA) have resumed a strong uptrend phase. Having regained moving average resistance in recent weeks, MA is once again testing its all-time high around $595. With strong momentum readings and improving relative strength, this week’s breakout could lead to much further highs for this global payments giant. The daily chart of Mastercard shows how quickly the stock recovered from its Q1 sell-off into the April low. By early May, the financial services leader had regained 100% of the downtrend phase. But after making a new all-time…
