ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailWells Fargo’s Michael Schumacher joins ‘Fast Money’ to talk what he took away from the Fed minutes and why they might change the September outlook. Source link
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Microsoft CEO Satya Nadella speaks at Axel Springer Neubau in Berlin on Oct. 17, 2023Ben Kriemann | Getty ImagesMicrosoft said last week that it plans to stop providing discounts on enterprise purchases of its Microsoft 365 productivity software subscriptions and other cloud applications.Since the announcement, analysts have published estimates on how much more customers will end up paying. But for investors trying to figure out what it all means to Microsoft’s financials, analysts at UBS said the change is already factored into guidance.”In our view, it is safe to assume that the impact of the pricing change” was included in…
Alibaba’s global headquarters in Hangzhou, Zhejiang Province, China, on May 9, 2024.Nurphoto | Nurphoto | Getty ImagesAlibaba-backed Banma, a provider of technology for smart cars, is planning to list shares on the Hong Kong Stock Exchange, according to a filing.In a filing dated Aug. 21, Alibaba said it currently owns about 45% of Banma and will continue to control over 30% of the company’s stock after the listing. Banma said in a filing that the announcement does not guarantee a listing will take place.Banma, founded in 2015 and based in Shanghai, is “principally engaged in the development of smart cockpit…
Evening view of Marine Drive, Queen’s necklace, Juhu and Chowpatty beachesGrant Faint | The Image Bank | Getty ImagesAsia-Pacific markets were poised for a muted start to the day as investors assessed the four-day losing streak for the S&P 500, led by declines in tech stocks.Investors in the region are awaiting India’s HSBC Composite flash purchasing managers’ index reading for August, which provides an early snapshot of the performance of the private sector economy, expected later in the day. Economists polled by Reuters expect it to come in at 60.5, compared to 61.1 in the month before.Japan’s Nikkei 225 was set to open…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 logged a fourth straight losing day, and what’s on the radar for the next session. Walmart The retail giant will post quarterly earnings on Thursday morning. ” Squawk Box ” will have the numbers and the instant reaction, plus the premarket stock move. Walmart shares have gained nearly 5% in the past three months.…
The ‘Fast Money’ traders react to July Fed minutes. Source link
People walk by a Target store in midtown Manhattan in New York City, March 21, 2025.Kylie Cooper | ReutersWhen Target’s new CEO Michael Fiddelke steps into the role in early February, he will inherit a company facing slumping sales, faltering customer loyalty and skeptical investors.Its fiscal second-quarter results posted Wednesday illustrated the big-box retailer’s key challenges. Sales fell again from the year-ago period. Customer traffic declined. And shoppers spent less on average during their trips to Target’s website and stores than a year ago.Fiddelke, announced Wednesday as Target CEO Brian Cornell’s successor, will soon lead the retailer’s comeback efforts and…
Peter Shankman, an American, said he looked forward to free drinks when he flew business class for work.The entrepreneur would have a drink, then a few more, sleep, then land. All was well, he said.Until it wasn’t.”Eventually, I realized that I wasn’t fine,” he said. “I was tired, cranky … [it] wasn’t the way to live.”So, he said, he quit drinking — at first just on planes, then altogether.”I like myself better when I don’t drink,” Shankman said. “I get up earlier. I work out. I don’t eat like crap.”A single dad, Shankman said he’s now in the gym by…
The final trades of the day with the Fast Money traders. Source link
A trader works on the floor of the New York Stock Exchange on Aug. 4, 2022.Source: NYSEStock futures were little changed in overnight trading Wednesday following a four-day losing streak for the S&P 500 as tech names dragged the broader market lower.Futures on the Dow Jones Industrial Average were flat. S&P 500 futures and Nasdaq 100 futures also traded near the flatline.Big Tech names and chipmakers led losses again Wednesday as investors continued to rotate out of high-flying stocks. Amazon, Apple and Alphabet all registered losses of more than 1%. Broadcom dipped 1.3%, while Intel dropped 7%. At one point,…
