Highly indebted developer China Evergrande will likely default because the company has essentially lost its main business, S&P Global Ratings analysts said.
Kategorie-Archiv: CNBC Financial News
Kohl’s shares jump after retailer reports 16% sales increase as shoppers buy clothes and makeup
The department store chain also raised its forecast for the year.
Alibaba shares drop 5% as its slashes guidance and earnings plunge on China’s slowdown
Alibaba has been a victim of China’s crackdown on its technology industry which has seen a slew of new regulation brought in from antitrust to data protection.
Macy’s shares rise as department store beats on earnings and hikes full-year outlook, thanks to new customers
Macy’s reported third-quarter earnings and sales that topped analysts‘ expectations, leading the department store chain to raise its full-year forecast.
Nvidia data center sales grew 55% on demand for artificial intelligence chips
Nvidia stock rose more than 5% in extended trading after it reported third-quarter earnings Wednesday that beat expectations for both earnings and sales.
Cisco reports disappointing revenue and issues forecast that misses estimates
Cisco CEO Chuck Robbins said the company saw strong demand despite supply challenges, but the company failed to meet analysts‘ revenue estimates.
Some retailers are buying back stocks – and that could be why their earnings are looking strong
Earnings growth at some retailers over the last decade has been driven by aggressive share repurchases.
Russia calls U.S. ‚hypocritical‘ for condemning anti-satellite weapons test
The Russian military destroyed a defunct satellite on Monday, causing astronauts to shelter on the International Space Station as the debris cloud passed by.
Cramer says Walmart is an ‚inflation fighter,‘ Wall Street shouldn’t be selling the stock
„Walmart is keeping prices down aggressively and therefore their gross margins are down. But they are taking share from everybody,“ Cramer said Tuesday.
Stocks making the biggest moves premarket: Lowe’s, Target, GlaxoSmithKline and others
These are the stocks posting the largest moves before the bell.