Traders work at the New York Stock Exchange on Dec. 17, 2024.NYSEU.S. stock futures were little changed on Thursday evening as traders anticipate the latest reading of the Federal Reserve’s favorite inflation gauge.Futures tied to the Dow Jones Industrial Average, as well as S&P 500 futures, hovered around the flatline. Nasdaq 100 futures were also relatively unchanged.In extended trading, FedEx and Nike both popped following their latest quarterly results. The delivery giant rose around 8%, while the sports apparel retailer jumped more than 7%.During Thursday’s trading session, the Dow was the only major average of the three to close in…
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European utilities and clean energy had an underwhelming performance in 2024, but Bernstein sees bright spots within the sector to play in the year ahead. “We have a bias towards companies loading up on the visible capex [capital expenditure] cycle in electricity networks,” the investment bank’s analysts wrote in a Dec. 9 note. Here are two of Bernstein’s top stock picks in the theme. EDP Renováveis Bernstein is bullish on Spanish renewable energy player EDP Renováveis and has a target price of 14.30 euros ($15) on the stock, giving it about 48% upside potential from Thursday levels. The “share price…
A driver of FedEx stands with packages near a delivery truck during Black Friday preparations in the Georgetown neighborhood of Washington, U.S., November 26, 2024. Benoit Tessier | ReutersFedEx announced the much-anticipated spinoff of its less-than-truckload freight division on Thursday, as it looks to restructure its operations and focus more on its core delivery business, sending shares in the parcel delivery giant up as much as 10% in after-hours trading.Analysts believe the spinoff could unlock up to $20 billion in shareholder value while clearing the way for FedEx management to focus on restructuring, potentially boosting long-term growth prospects for its core…
When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to give it the time of day. Now, the Carlsbad, California, retailer is expanding globally, backed by a string of marquee investors including General Atlantic, SoftBank and Norwest Venture Partners, after raising $825 million in November in a funding round that valued the company at $5.5 billion. It’s become the envy of incumbents such as Lululemon, Gap’s Athleta and Levi’s Beyond Yoga, and it’s poised to be one of the retail industry’s biggest IPOs when it eventually files to go public,…
Check out the companies making headlines in after-hours trading. FedEx – Shares rose 8% following the delivery giant’s better-than-expected earnings. For its fiscal second quarter, FedEx reported adjusted earnings of $4.05 per share, above the $3.90 per share that analysts surveyed by LSEG were expecting. Revenue, however, came in weaker-than-expected. The company also announced that it’s planning on spinning off its freight business . Nike – The retailer’s stock popped around 6% after its fiscal second quarter results topped Wall Street estimates . Nike earned 78 cents per share on $12.35 billion in revenue. Analysts were expecting 63 cents per…
During the December Monthly Meeting on Thursday, Jim looked at each company’s outlook for 2025. Source link
WASHINGTON — President-elect Donald Trump endorsed a House Republican deal Thursday to fund the government for three months and avert a shutdown that would have begun late Friday night.”SUCCESS in Washington!” Trump posted Thursday afternoon, as negotiations ended in House Speaker Mike Johnson’s offices in the Capitol. “The newly agreed to American Relief Act of 2024 will keep the Government open, fund our Great Farmers and others, and provide relief for those severely impacted by the devastating hurricanes,” wrote Trump. “The date of the very unnecessary Debt Ceiling will be pushed out two years, to January 30, 2027,” he added. “All Republicans,…
Close up stack of gold bars.Vector Photo Gallery | Istock | Getty ImagesThe U.S. Federal Reserve jolted markets with an unexpectedly hawkish set of projections for the path of interest rates next year, setting gold prices up for a blow — but analysts told CNBC they still see solid support for the precious metal in 2025.The Fed’s “dot plot,” a gauge of policymakers’ outlook, now suggests the Fed will cut interest rates twice in 2025, compared with four quarter-point cuts previously expected in September, when concerns about the weakening labor market were front-of-mind. The big concern for the central bank…
The US Capitol building in Washington, DC, on November 24, 2024. Daniel Slim | Afp | Getty ImagesThe Senate is getting closer to a final vote on a bill that would increase Social Security benefits for an estimated 3 million people.The chamber voted Wednesday to let consideration of the bill — the Social Security Fairness Act — proceed. The bipartisan proposal calls for repealing certain rules that reduce Social Security benefits for individuals who receive pension income from work in the public sector.Despite a bipartisan 73 majority vote to proceed, the effort to advance the bill was met with some dissent,…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, SEC Commissioner Hester Peirce discusses the agency’s role in crypto under the incoming leadership, as well as where some of the enforcement actions against crypto firms may stand. Source link
