Antonio Neri, CEO of Hewlett Packard Enterprise, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, October 20, 2023.Brendan McDermid | ReutersHewlett Packard Enterprise shares slid 16% in extended trading on Thursday as the data center equipment maker issued quarterly and full-year guidance that came in below consensus.Here’s how the company did in the fiscal first quarter in comparison with LSEG consensus:Earnings per share: 49 cents adjusted vs. 49 cents expectedRevenue: $7.85 billion vs. $7.82 billionHPE’s revenue rose 16% year over year in the quarter ending on Jan. 31,…
Author: usaeverydaylife
This is supposedly the NFL offseason, but if you’re feeling like you may be suffering from a case of whiplash, there’s a good reason for that.The Super Bowl came and went on Feb. 9. Two weeks later, the NFL world descended on Indianapolis for the annual scouting combine. And next week, free agency kicks off.Essentially, the action never stops in the NFL. As a result, multitasking is a crucial strength for general managers. By week’s end, front offices across the league will have finalized their game plan for free agency. Monday, at noon ET, the legal tampering period begins. Wednesday,…
Investors looking for income should block out the “noise” rocking the markets these days — and look beyond traditional fixed-income holdings for attractive yields, according to BlackRock’s Russell Brownback. Concerns over President Donald Trump’s tariffs have caused market volatility and some teetering in the 10-year Treasury yield. However, the underpinnings of the economy are still profoundly solid, he said. “You’ve got a structurally tight labor market. You’ve got a private sector balance sheet that is pristine. You’ve got wealth levels at record highs outright and versus incomes,” said Brownback, head of BlackRock’s global macro positioning team within fixed income. The…
A shopper carries her early Black Friday purchases on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles. Robyn Beck | AFP | Getty ImagesGap on Thursday posted another quarter that blew away expectations, indicating its turnaround under CEO Richard Dickson is working better – and faster – than Wall Street anticipated. Shares jumped 17% in extended trading Thursday.The apparel retailer behind Old Navy, Banana Republic, Athleta and its namesake banner beat expectations on the top and bottom lines during the all-important holiday quarter and saw comparable sales grow 3%, ahead of expectations of up 1%, according…
The early part of 2025 has not been kind to semiconductor stocks. The VanEck Semiconductor ETF (SMH) is down more than 9% year to date. Over the past month, it has lost about 11%. This comes in stark contrast to the fund’s performance of the past two years. SMH rallied 38.5% in 2024 and 72.3% in 2023, as investors loaded up on semiconductor stocks to capitalize on the artificial intelligence craze. This year’s moves have led to a bearish chart pattern for the SMH. The fund’s 50-day moving average this week fell below its 200-day counterpart, forming a dreaded death…
U.S. President Donald Trump looks on in the Oval Office, on the day he signs executive orders, at the White House in Washington, D.C., U.S. March 6, 2025. Evelyn Hockstein | ReutersPresident Donald Trump said Thursday that his administration would not consider stock market reaction when hammering out the details of its tariff policy.When asked whether the decision to pause tariffs on many products from Canada and Mexico for one month was due to the stock market, Trump said the decision had “nothing to do with the market. I’m not even looking at the market, because long term the United States…
ST. PAUL, Minn. — Doors open for Beach Night with a feels-like temperature of 7 degrees and purple aloha shirts for the first 250 students through — a true commitment to the bit. But the party is on inside, already. Crudites and chicken skewers are disappearing apace; an open bar is working like a bug light. Decades of St. Thomas men’s basketball alums are filing into a private reception, sorting through rosters and info sheets for a soon-to-open $175 million arena, warming up the space for one of their own.Johnny Tauer, Ph.D., walks in at 6:26 p.m. The four-shot almond…
Senior State Department officials have drawn up plans to close a dozen consulates overseas by this summer and are considering shutting down many more missions, in what could be a blow to the U.S. government’s efforts to build partnerships and gather intelligence, American officials say.The department also plans to lay off many local citizens who work for its hundreds of missions. Those workers make up two-thirds of the agency’s work force, and in many countries they form the foundation of U.S. diplomats’ knowledge of their environments.The shrinking is part of both President Trump’s larger slashing of the federal government and…
State Street has teamed up with Bridgewater Associates for an ETF that will give regular investors a chance to buy a version of one of the massive private investment firm’s longstanding strategies. The SPDR Bridgewater All Weather ETF (ALLW) launched Wednesday and is based off an investing approach of Bridgewater’s created in 1996. All Weather is an example of what is often called a risk-parity strategy, combining multiple assets in an attempt to lower the volatility of the overall portfolio. The ETF will be actively managed, with the goal of taking advantage of changes in the macroeconomic environment. ALLW will…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: Stocks are getting hit Thursday on concerns about economic activity, trade policy, and the pace of artificial intelligence infrastructure investment. Tech stocks are especially weak, and a Nasdaq close below 18,157 would send the index into correction territory, down 10% or more from its record-high close of 20,173 back on Dec. 16. Investors did get some hope earlier after President Donald Trump said he would delay tariffs until April…
