Wide shot of friends and family enjoying dinner and sunset during destination wedding reception at luxury villa in MoroccoThomas Barwick | Digitalvision | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The $100 trillion wealth transfer from older to younger generations is set to reshape the wealth management industry, as younger investors plan to move their money to new advisors, according to a new report.A new survey from Capgemini shows that 81% of “next generation millionaires,”…
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Here are the stocks making headlines in after hours trading on Thursday. Lululemon — The apparel stock slumped 20% after earnings guidance came in below expectations. Lululemon projected second-quarter earnings per share of $2.85 to $2.90 per share. Analysts surveyed by LSEG were looking for $3.29 per share. Lululemon also cut its full-year earnings guidance. Docusign — The software stock slid 16% after reporting slower-than-expected billings growth. First-quarter billings of $739.6 million were short of the $746.2 million projected by analysts, according to FactSet. Tesla — The electric vehicle maker fell about 2% in extended trading as Elon Musk and…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors on Thursday are looking at alternative asset manager names as potential rebound plays, along with small-cap stocks. Another investor is looking at how to play the quantum computing space. Worldwide Exchange picks: Apollo Global and Blackstone Storm Uru of LionTrust Asset Management sees upside in alternative asset managers Apollo Global and Blackstone that are both more than 30% off their 52-week high. “The long term structural case for these companies is really…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailGary Cohn, IBM vice chair, former NEC director, and former Goldman Sachs president and COO, joins ‘Fast Money’ to talk political uncertainty and the economy. Source link
Walmart is bringing drone deliveries to three more states.On Thursday, the big-box retailer said it plans to launch the speedier delivery option at 100 stores in Atlanta, Charlotte, Houston, Orlando and Tampa within the coming year. With the expansion, Walmart’s drone deliveries will be available in a total of five states: Arkansas, Florida, Georgia, North Carolina and Texas.Customers will request a delivery through the app of Wing, the operator who flies the drones through a deal with Walmart. The drone operator will have an up to a six-mile range from stores.Drone deliveries are one of the buzziest examples of Walmart’s…
Microsoft Chairman and Chief Executive Officer Satya Nadella speaks during the Microsoft Build 2025, conference in Seattle, Washington, on May 19, 2025.Jason Redmond | AFP | Getty ImagesOn a down day for the market, Microsoft reached a record high for the first time in 11 months. Shares of the software giant rose 0.8% to close at $467.68. Microsoft has once again reclaimed the title of world’s largest company by market cap, with a valuation of $3.48 trillion. Nvidia has a market cap of $3.42 trillion, and Apple is valued at $3 trillion.Microsoft last recorded a record close in July 2024.…
A “We’re Hiring” sign at a NC Department of Adult Correction booth at a job and resource fair hosted by the Asheville Area Chamber of Commerce in partnership with NCWorks in Fletcher, North Carolina, US, on Wednesday, April 9, 2025. Allison Joyce | Bloomberg | Getty ImagesThere seems little doubt now that hiring slowed considerably in May as companies and consumers braced for higher tariffs and elevated economic uncertainty. The main question is by how much.A small dip from the recent trend likely wouldn’t be viewed as worrisome. But anything beyond that could set off a fresh round of fears about…
A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024.Justin Sullivan | Getty ImagesBroadcom reported second-quarter earnings on Thursday that beat Wall Street expectations, and the chipmaker provided robust guidance for the current period.Here’s how the chipmaker did versus LSEG consensus estimates:Earnings per share: $1.58 adjusted versus $1.56 expectedRevenue: $15 billion versus $14.99 billion expectedBroadcom said it expects about $15.8 billion in third-quarter revenue, versus $15.70 billion expected by Wall Street analysts. Revenue in the latest quarter rose 20% on an annual basis.The company said net income increased to $4.97 billion, or $1.03…
Dollar Tree’s steady growth could underpin a breakout for the stock, according to JPMorgan. The firm upgraded stock in the discount retailer to overweight from neutral on Thursday and raised its price target to $111 per share from $72. JPMorgan’s new forecast implies about 25% upside from Wednesday’s close. DLTR YTD mountain Dollar Tree stock in 2025. Analyst Matthew Boss pointed to the company’s strong first-quarter results as emblematic of future strength, highlighting its same-store sales and traffic increases. “Multi-year, we see DLTR returning to a double-digit EPS ‘compounder’ with top- and bottom-line drivers in place at the core DT…
People walk past a Lululemon department store in New York City on June 5, 2024.Michael M. Santiago | Getty ImagesLululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a “dynamic macroenvironment.”As the company navigates tariffs and fears about a slowing U.S. economy, CEO Calvin McDonald said in a news release that “we intend to leverage our strong financial position and competitive advantages to play offense, while we continue to invest in the growth opportunities in front of us.”Shares of the apparel company plunged about 20% in extended trading.Here’s how the company did…
