Stocks making the biggest moves midday: AMZN, GOOGL, AAPL
Workers load packages into Amazon Rivian Electric trucks at an Amazon facility in Poway, California, November 16, 2022.Sandy Huffaker | ReutersCheck out the companies making headlines in midday trading.Amazon – The e-commerce giant’s stock tumbled 8.4% despite a revenue beat. Late Thursday, Amazon issued weaker-than-expected guidance for the current period. The company also reported a […]
Omicron subvariant that’s dominant in U.S. extends lead over other variants in latest week, CDC data shows
The omicron subvariant that became dominant in the U.S. several weeks ago continued to extend its lead over other variants in the latest week, according to Centers for Disease Control and Prevention data that was updated on Friday. XBB.1.5, the omicron sublineage that first emerged in small numbers in October, accounted for 66.4% of cases […]
Inflation is cooling, but high prices will stick around
A shopper checks out the egg section at the Publix at Winter Park Village, Tuesday, Jan. 17, 2023.Joe Burbank | Orlando Sentinel | Tribune News Service | Getty ImagesInflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged.In the months ahead, the big […]
Tesla is a ‘soft-landing’ stock, says Goldman Sachs. Here are its picks for a gentle slide as well as a rough landing.
Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core prices rose 0.3%. “The 2021 surge in durable goods demand normalized, and the resulting collapse in durable goods price inflation was stunningly fast,” says Paul […]
Rite Aid, Nike, FedEx and others
Check out the companies making headlines before the bell:Rite Aid (RAD) – Rite Aid jumped 8.4% in the premarket after reporting a smaller-than-expected loss and revenue that beat Wall Street forecasts, helped by accelerated sales growth at its retail operations. However, the drugstore operator lowered its full-year guidance due to various issues, including seasonal markdowns.Nike […]