ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDaniel Kurnos, Benchmark media and Internet analyst, joins ‘The Exchange’ to discuss how investors could position their travel stocks, Expedia, consumer impact on travel, and more.03:47Mon, Aug 12 20242:32 PM EDT Source link
Author: usaeverydaylife
September is typically a rough month for Apple — and it’s a toss-up as to whether this year could be any different. Apple is expected to announce new iPhones and Apple Watch models on Sept. 9 during a press event at its headquarters in Cupertino, California. The tech giant typically unveils these new models at its fall launches ahead of the holiday shopping season. Apple’s share price tends to move higher as investors’ excitement builds up ahead of its product announcements, according to a FactSet analysis. But the stock’s lowest average returns occur during the month of the launches. Apple…
“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023.Jakub Porzycki | NurPhoto | Getty ImagesKlarna said it posted a profit in the first half of the year, swinging into the black from a loss last year as the buy now, pay later pioneer edges closer toward its hotly anticipated stock market debut.In results published Tuesday, Klarna said that it made an adjusted operating profit of 673 million Swedish krona ($66.1 million) in the six months through June 2024, up from a loss of 456 million krona in the same period a year ago. Revenue, meanwhile, grew 27%…
Wall Street takes back-to-back weekly gains and an overbought market into an important week featuring Nvidia earnings and the latest reading on the Federal Reserve’s favorite inflation gauge. Fed Chairman Jerome Powell on Friday gave the speech from Jackson Hole that investors wanted to hear. The S & P 500 and Nasdaq bounced back from Thursday’s losses, and each finished the week up nearly 1.5%. Powell indicated interest rate cuts are on the way, saying the “time has come for policy to adjust.” The market now expects 100 basis points, or 1 percentage point, of cuts by the end of…
A disappointing Nvidia earnings report could spell trouble for certain stocks closely connected to the market behemoth. All eyes are on the chip giant as it readies to report earnings after the bell Wednesday. Nvidia is widely expected to top estimates, with Wall Street laser-focused on its guidance and Blackwell commentary as concerns mount over artificial intelligence spending and potential production delays. To find the names with the most riding on the print, CNBC Pro screened for the stocks with the highest correlation to Nvidia’s trading over a 20-week period. Whenever a correlation coefficient moves closer to 1, it means…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyFrancisco Blanch, Commodity & Derivative strategist at BofA Europe, joins ‘Fast Money’ to talk the oil trade.04:09Mon, Aug 19 20246:00 PM EDT Source link
People exit the Supreme Court building in Washington, D.C. on Tuesday, June 27, 2023.Minh Connors | The Washington Post | Getty ImagesThe Supreme Court is set to hear oral arguments Tuesday on a case that could affect broad swaths of the U.S. tax code and federal revenue.The closely watched case, Moore v. United States, involves a Washington couple, Charles and Kathleen Moore. They own a controlling interest in a profitable foreign company affected by a tax enacted via former President Donald Trump’s 2017 tax overhaul.The Moores are fighting a levy on company earnings that weren’t distributed to them — which…
Republican Presidential nominee, former president Donald J. Trump remarks during a campaign event at Precision Custom Components on August 19, 2024 in York, Pennsylvania. Tierney L. Cross | Getty ImagesA New York federal judge has ordered U.S. probation officials to investigate the recent arrest of a convicted drug dealer who was released from prison in early 2021 when his 10-year sentence was commuted by former President Donald Trump.The order raises the possibility that the drug dealer, Jonathan Braun, could be sent back to prison for his federal marijuana-related conviction because of his arrest last week in Nassau County, New York, for…
A logo stands on display above the headquarters of Deutsche Bank AG at the Aurora Business Park in Moscow, Russia.Andrey Rudakov | Bloomberg | Getty ImagesDeutsche Bank has reached settlements with nearly 60% of plaintiffs in a long-running case alleging the German lender underpaid for its acquisition of Postbank more than a decade ago.In a Wednesday statement, Deutsche Bank said it had reached agreements with more than 80 plaintiffs for a settlement of 31 euros ($34.53) per share, as proposed by the bank. This will allow Germany’s largest lender to release the funds and boost Deutsche Bank’s anticipated third-quarter pretax…
Monaco’s connection to car racing and boating is stamped all over it, from the hairpin turns of its Formula One circuit to the five-deck superyachts docked at Port Hercule.But its desires to be known as a sustainability destination are less apparent.Monaco’s “Green is the New Glam” campaign, launched in 2018, highlighted many of the country’s environmental efforts. And a 2023 tourism campaign named sustainability as one of three key pillars — alongside “Instagrammability” and digital nomad appeal — for attracting new travelers.Its green goals are at odds with its greenhouse-gas-emitting superyachts and beloved Formula One races. The latter’s carbon footprint…
