Stocks moving big midday: PTON, AMD, SNAP
A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois.Scott Olson | Getty ImagesCheck out the companies making headlines in midday trading Wednesday.Foot Locker — Shares gained 2.6% after Credit Suisse upgraded the stock to outperform from neutral. The retailer could see upside to expected profit in […]
Gold demand surged to 11-year high on ‘colossal’ central bank buying
Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | ReutersGold demand soared to an 11-year high in 2022 on the back of “colossal central bank purchases, aided by vigorous retail investor buying,” according to the World […]
Stocks moving big after hours: SNAP, EA, AMD, WDC
Snapchat logo displayed on a phone screen is seen with a laptop in the background in this illustration photo taken in Krakow, Poland on August 10, 2022.Jakub Porzycki | Nurphoto | Getty ImagesCheck out the companies making headlines in after hours trading.Snap – Shares of social media company Snap sank 14% after the company reported […]
The Federal Reserve is likely to hike rates by a quarter point
Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. Evelyn Hockstein | ReutersThe Federal Reserve is expected to raise interest rates by just a quarter point but also likely […]
Stocks making the biggest moves midday: Pentair, UPS and more
General Motors CEO Mary Barra speaks to reporters while she waits for the arrival of President Joe Biden at media day of the North American International Auto Show in Detroit, Michigan, September 14, 2022.Rebecca Cook | ReutersCheck out the companies making headlines in midday trading Tuesday.General Motors — The automaker’s stock surged more than 7% […]
IMF hikes global growth forecast as inflation cools
The IMF has revised its global economic outlook upwards.Norberto Duarte | Afp | Getty ImagesThe International Monetary Fund on Monday revised upward its global growth projections for the year, but warned that higher interest rates and Russia’s invasion of Ukraine would likely still weigh on activity.In its latest economic update, the IMF said the global […]
Stocks making the biggest moves premarket: McDonald’s, UPS and more
Nathan Stirk | Getty Images News | Getty ImagesCheck out the companies making headlines before the bell.McDonald’s — Shares dipped more than 1% after McDonald’s reported its latest quarterly results. The fast food giant topped earnings and revenue estimates, saying customers are increasingly visiting its restaurants. Still, McDonald’s CEO Chris Kempczinski said he expects “short-term […]
Stocks making the biggest moves midday: Carvana, AMD and more
Check out the companies making headlines in midday trading Monday.Macy’s flagship store in Herald Square in New York, Dec. 23, 2021.Scott Mlyn | CNBCColgate-Palmolive — Shares gained 2.8% after Morgan Stanley upgraded the stock to overweight from equal weight and named it the top pick in the household and personal care industry. The firm said […]
Stocks biggest premarket moves: Colgate-Palmolive, Kohl’s, Boot Barn
The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California.Justin Sullivan | Getty ImagesCheck out the companies making the biggest moves in premarket trading:Colgate-Palmolive — The maker of household and personal care products saw shares add more than 1% premarket after Morgan Stanley analysts upgraded […]
China’s cabinet said it will promote consumption recovery, boost imports to drive economy
A statement from China’s State Council over the weekend reported via state broadcaster CCTV. In brief: Statement came after a meeting chaired by Premier Li Keqiang said it would promote a consumption recovery as the major driver of the economy would boost imports to quicken the rollout of foreign investment projects to maintain a stable […]