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 during Wednesday’s volatile trading, and what’s on the radar for the next session. A Coke, a smile, a president and a possible controversy President Donald Trump wants Coca-Cola to start using cane sugar in its beverages. Coke produced in the U.S. market usually uses corn syrup as a sweetener. I think the actual formula is a secret, right? On Wednesday…
Author: usaeverydaylife
Andy Constan, Damped Spring Advisors CEO, joins ‘Fast Money’ to talks the impact of a non-independent Federal Reserve. Source link
A flag of Japan flies near cargo containers at Tokyo’s Odaiba Waterfront on August 6, 2020.BEHROUZ MEHRI | Contributor | Getty ImagesJapan’s exports in June contracted 0.5% year over year, extending the 1.7% drop seen in May as deliveries continued to decline for the second straight month.The decrease in exports was a reversal of the 0.5% rise expected by economists polled by Reuters, and comes amid a lack of a breakthrough in trade talks with the U.S.Exports to China, Japan’s largest trading partner, were down 4.7%, while exports to the U.S. declined by 11.4% year over year, deepening from the…
Wedbush’s Dan Ives joins ‘Fast Money’ with his Tech earnings forecast. Source link
2021 Ford Bronco SportFordFord is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday, following a year-long investigation.The NHTSA said fuel injector in affected vehicles may crack, causing fuel to leak into the engine compartment and potentially ignite.Ford shares were down 3% in afternoon trading.The recall covers certain 2021–2024 Bronco Sport and 2020–2022 Escape models equipped with 1.5-litre engines. The NHTSA estimates that 0.3% of recalled vehicles may have the defect.”We estimate the aggregate cost of the action, based on the remedy options we are evaluating, to be about $570 million and…
Dominika Zarzycka | Nurphoto | Getty ImagesCoinbase unveiled Wednesday an “everything app” designed to bring more people into the crypto economy.The “Base App,” which replaces Coinbase Wallet, will combine wallet, trading and payment functions as well as social media, messaging and support for mini apps – all running on the company’s homegrown public blockchain network Base, which is built on Ethereum.So-called super apps like WeChat and Alipay – which bundle several different services and functionalities into a single mobile app – have long been viewed as the holy grail of fintech by the industry. They’re central to everyday life in…
The final trades of the day with the Fast Money traders. Source link
U.S. Federal Reserve Chair, Jerome Powell and U.S. President Donald Trump. Nathan Howard | Jonathan Ernst | ReutersA new research note gaming out possible scenarios if President Donald Trump decides to fire Federal Reserve Chairman Jerome Powell warns that, regardless of what exactly happens next, “this would be a mess.””We expect, as does everyone else, that it would be significantly negative for markets, likely driving both an equity selloff and a counterproductive spike in long-term yields,” Wolfe Research’s Tobin Marcus and Chutong Zhu write in the note to clients.Wolfe Research speculated that the Supreme Court could ultimately decide whether Trump…
More than 1.4 million Afghans have been forced out of Iran since January amid a governmental crackdown. Elian Peltier, an international correspondent at The New York Times, reports from the Afghanistan-Iran border. There, he met with Afghans grappling with an uncertain future, as they return to a country with widespread poverty and severe restrictions on women’s and girls’ rights. Source link
Check out the companies making headlines in midday trading. Morgan Stanley — Shares fell 3.6% despite the financial institution beating second-quarter estimates. Morgan Stanley earned $2.13 per share and saw $16.79 billion in revenue, while analysts anticipated earnings of $1.96 a share and $16.07 billion in revenue, per LSEG. SolarEdge Technologies – Shares plummeted more than 8%. On Tuesday, JPMorgan downgraded the stock to neutral from overweight , given the stock’s recent outperformance. The stock has surged almost 101% in the past month and more than 84% this year. ASML — The stock dropped about 10% after the semiconductor company…
