These are the stocks posting the largest moves in midday trading.
Kategorie-Archiv: CNBC Financial News
Foot Locker shares drop 25% after big earnings miss, lower guidance
Foot Locker shares plunged 25% in premarket trading Friday after the company missed earnings expectations and cut its guidance.
Dallas Fed President Logan says current data doesn’t justify pausing rate hikes yet
The Dallas Fed president said the central bank still has work to do in achieving its goal for price stability.
Stocks making the biggest moves premarket: Walmart, Take-Two Interactive, Bath & Body Works and more
These are the stocks posting the largest moves in premarket trading.
Market’s tech focus is ’shortsighted,‘ with a broader bull run coming, portfolio manager says
The market’s affinity for Big Tech stocks this year is shortsighted, according to portfolio manager Freddie Lait, who said the next bull market phase will broaden out.
Global debt nears record highs as rate hikes trigger ‚crisis of adaptation,‘ top trade body says
Global debt grew by $8.3 trillion in the first quarter of 2023 to a near-record high of $305 trillion.
Stocks making the biggest moves after hours: Take-Two Interactive, Cisco Systems and more
These are the stocks posting the largest moves in extended trading.
Bath and Body Works‘ stock surges after it raises guidance, beats on earnings
Bath and Body Works saw year-over-year declines in sales and profits in its fiscal first quarter but its stock surged after it raised its guidance for the year.
Alibaba plans to list cloud division as quarterly revenue misses expectations
Alibaba announced plans to spin off its cloud division as a separate, publicly-traded company. The e-commerce titan’s quarterly revenues missed expectations.
Walmart raises full-year guidance, as earnings beat on boost from grocery and online businesses
The discounter’s report comes after Home Depot and Target posted weaker sales trends.