Archiv für den Monat: August 2024
Wednesday’s big stock stories: What’s likely to move the market in the next trading session
The S&P 500 and the Nasdaq Composite ended Tuesday modestly higher, lifted by Nvidia shares. Here’s what CNBC TV is watching going into Wednesday.
Buffett’s Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so
The milestone came two days before Buffett’s 94th birthday.
U.S. government researchers visit a Korean mine as the race against China for critical minerals heats up
The Sangdong Mine, owned by a subsidiary of Canada-based Almonty Industries, is set to resume operations this year.
JD.com shares climb after announcing $5 billion share buyback, outperforming decline in Hang Seng
The announcement is JD.com’s second buyback this year, after announcing a $3 billion buyback in March.
Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car
Xpeng shares rose after the Chinese electric car company said prices for its new mass-market Mona brand would start as low as $16,812, far below that of Tesla.
Dollar General, Dollar Tree and Kroger customers pay over $90 million a year in cash-back fees, federal agency finds
Some big retailers have been levying a fee on customers who ask for cash back on purchases. That disproportionately hurts those in banking deserts.
Abercrombie & Fitch posts 21% sales gain, hikes outlook despite ‚increasingly uncertain environment‘
Abercrombie & Fitch has become one of Wall Street’s biggest retail winners and the company plans to keep up the growth by expanding into international markets.
Foot Locker comparable sales grow for the first time in six quarters
Foot Locker has spent two years transforming its business, and it’s now seeing sales and margins expand, indicating its efforts are finally starting to work.
Lego revenue jumps 13% in first half of 2024, boosted by Lego Fortnite and diverse brick sets
Lego said revenue during the first six months of the year jumped 13%, reaching 31 billion Danish krone, or about $4.65 billion.