Cognizant, American Airlines, Logitech and more
Los Angeles, CaliforniaJan. 11, 2023Flights prepare to take off at LAX on Jan. 11, 2023 after an FAA computer problem. Carolyn Cole | Los Angeles Times | Getty ImagesCheck out the companies making headlines in midday trading.Cognizant — Shares of Cognizant rose 8% after the IT company raised its fourth-quarter revenue guidance. It also named Ravi […]
Consumer prices fell 0.1% in December, in line with expectations from economists
Inflation closed out 2022 in a modest retreat, with consumer prices in December posting their biggest monthly decline since early in the pandemic, the Labor Department reported Thursday.The consumer price index, which measures the cost of a broad basket of goods and services, fell 0.1% for the month, in line with the Dow Jones estimate. […]
Stocks making biggest moves premarket: Disney, Logitech and more
In this photo illustration the Disney+ logo seen displayed on a smartphone screen.SOPA Images | LightRocket | Getty ImagesCheck out the companies making headlines in premarket trading.Disney – Disney shares added more than 1% in early morning trading after the company elected independent director Mark Parker as Chairman of the board. It also opposed activist investor […]
Bed Bath & Beyond, Tesla, Expedia and more
Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York.Mark Kauzlarich | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Meme stocks — A group of so-called meme stocks skyrocketed Wednesday as retail investors jumped into speculative trades again. Bed Bath & Beyond rallied 38% to trigger the […]
CarMax, Salesforce, Coinbase and more
Check out the companies making headlines in premarket trading.CarMax — Shares of the used car seller slid 4.8% after JPMorgan downgraded them to underweight, saying investors aren’t fully pricing in the risks surrounding the company and hope for a recovery looks “premature.” CarMax fell 53% in 2022 but has risen 18% since its disappointing quarterly […]
Powell says Fed might make unpopular decisions to stabilize prices
Federal Reserve Chairman Jerome Powell on Tuesday emphasized the need for the central bank to be free of political influence while it tackles persistently high inflation.In a speech delivered to Sweden’s Riksbank, Powell noted that stabilizing prices requires making tough decisions that can be unpopular politically.”Price stability is the bedrock of a healthy economy and […]
LIVE Video: President Biden Delivers Remarks About His Economic Plan: 01/04/23 – 1:45PM ET
President Biden will speak about his economic plan and its impact on U.S. infrastructure and American communities in Kentucky on Wednesday. Source link
General Electric, Salesforce, Alibaba and more
Cincinnati – Circa September 2021: General Electric Global Operations Center.jetcityimage | iStock Editorial | Getty ImagesCheck out the companies making headlines in premarket trading.General Electric — GE HealthCare Technologies begins trading as a separate company on the S&P 500 Wednesday. GE, in 2021, revealed plans to break up into three companies so it can focus […]
TG Therapeutics, Micron Technology, ChargePoint and more
A ChargePoint station at the New Carrollton Branch Library in New Carrollton, Md.Tom Williams | Cq-roll Call, Inc. | Getty ImagesCheck out the companies making headlines in midday trading.TG Therapeutics — Shares jumped more than 9% after the biotech company announced this week that the U.S. Food and Drug Administration approved its treatment for relapsing […]
Netflix, Cal-Maine Foods, Southwest and more
In this photo illustration the Netflix logo seen displayed on a smartphone screen, with graphic representation of the stock market in the background.Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.Netflix — The streaming giant gained 5.1% following a double upgrade to buy from sell by CFRA. The firm […]