A Goldman Sachs trader work on the floor of the New York Stock Exchange in New York.Ramin Talaie | Getty ImagesThe speedy return of market confidence following a dramatic global sell-off in risky assets should be seen as a cause for concern, according to the head of asset allocation research at Goldman Sachs.Speaking to CNBC’s “Squawk Box Europe” on Wednesday, Goldman’s Christian Mueller-Glissmann said investors could think about the early August stock slump as something akin to “a warning shot.”Stock markets kicked off the month under intense pressure, as concerns over a possible U.S. recession and the unwind of popular…
Author: usaeverydaylife
A floating apartment. A residential yacht. A holiday home that travels the globe.The World, a luxury liner, has many descriptions, but “cruise ship” is not one of them, said resident Jim Minarik.”The only thing that’s similar between the world and a cruise ship is they float on the water,” he said. “If our ship was a cruise ship, there’d probably be 1,500 passengers. When we’re really busy, we have between 200 and 300.” The World has 165 privately owned apartments, ranging from 290-square-foot studios to 3,240-square-foot four-bedroom residences.Minarik and his wife bought their apartment in 2020 with plans to spend…
Nvidia reported earnings after the bell that beat Wall Street expectations, and provided stronger-than-expected guidance for the current quarter.Nvidia shares fell 8% in extended trading.Here is how the company did for the fiscal second quarter versus LSEG consensus expectations:Earnings per share: 68 cents adjusted vs. 64 cents expectedRevenue: $30.04 billion vs. $28.7 billion expectedNvidia said it expects about $32.5 billion in current-quarter revenue, versus $31.7 billion expected by analysts, according to StreetAccount. That would be an increase of 80% from a year earlier.Revenue continues to surge at the chipmaker, rising 122% on an annual basis during the quarter, following three…
By Aaron Portzline, Sean Gentille and Hailey SalvianColumbus Blue Jackets left winger Johnny Gaudreau and his brother, Matthew, were killed in a traffic crash Thursday in Oldmans Township, N.J., outside Philadelphia, New Jersey State Police said.Police said the Gaudreau brothers were riding bicycles on County Route 551 when they were hit by the driver of a Jeep Grand Cherokee that was trying to pass an SUV on a two-lane road. The SUV had moved to the center of the road to pass the brothers on their bicycles, who were on the SUV’s right side. The driver of the Jeep then…
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesBrazil’s supreme court on Friday ordered a nationwide suspension of Elon Musk’s social network X after the company vowed to defy earlier court orders concerning content moderation and the appointment of a legal representative in Brazil.The court’s top judge, Alexandre de Moraes, has also ordered daily fines for people or businesses in Brazil that use VPNs or other methods to access X while the site is banned in the country, G1 Globo reported.The court issued a statement via its government website in Brazil on Friday, saying that it had ordered “the…
Check out the companies making headlines in premarket trading. Nvidia — The chip designer and artificial intelligence bellwether slipped more than 4% despite surpassing Wall Street estimates on the top and bottom line in its fiscal second quarter. Nvidia earned 68 cents per share on revenue of $30.04 billion, while analysts polled by LSEG forecast 64 cents and $28.7 billion. The company’s third-quarter revenue outlook, which would represent 80% growth compared to the same period a year ago, failed to meet the higher end of investor’s expectations and would mark a slowdown vs the July quarter. Salesforce — Shares jumped…
Best Buy ‘s quarterly beat and guidance raise on Thursday was good for a 15% pop in the stock as investors rewarded better execution and the promise of wider adoption of AI devices and lower interest rates. Revenue in the company’s fiscal 2025 second quarter fell 3.1% year over year to $9.29 billion in the three months ended July 29, outpacing the $9.24 billion expected by analysts, according to estimates compiled by LSEG. Adjusted earnings per share of $1.34 rose 9.8% on an annual basis, topping the $1.16 predicted by analysts, LSEG data showed. BBY YTD mountain Best Buy YTD…
A handful of stocks could be poised for a strong September as they head toward what investors rtpically regard as a bullish price chart pattern. Stocks have rebounded from a sluggish start to August the month and ended with gains for all three major indexes. The By late Friday, the S & P 500 had advanced about 1.9% this month, while the Dow Jones Industrial Average added 1.5% and the Nasdaq Composite rose 0.2%. Gains in the S & P 500 and Nasdaq Composite on Friday followed a report on July personal consumption expenditures prices, the Federal Reserve’s preferred measure…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBespoke’s Paul Hickey and Jefferies’ David Zervos join ‘Taking Stock’ to talk the biggest drivers behind the market this week.10:59Fri, Aug 23 20246:53 PM EDT Source link
A vial labelled “Novavax V COVID-19 Vaccine” is seen in this illustration taken January 16, 2022. Dado Ruvic | ReutersThe Food and Drug Administration authorized Novavax’s updated protein-based Covid vaccine for emergency use in people ages 12 and up on Friday, paving the way for the shot to compete with Pfizer and Moderna’s jabs this fall and winter. Novavax’s vaccine targets the highly contagious omicron subvariant JN.1, which began circulating widely in the U.S. earlier this year. JN.1 only accounted for 0.2% of cases circulating nationwide as of this week, according to the latest Centers for Disease Control and Prevention data. Novavax manufactures…
