Longtime investor Bill Gross believes Elon Musk’s Tesla is behaving like a speculative play among retail investors.
Kategorie-Archiv: CNBC Financial News
China’s inflation numbers miss expectations, rising 0.2% in June
China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts.
Athletic Brewing raises $50 million as nonalcoholic wave sweeps beer making
Athletic holds over 19% market share within nonalcoholic beer and is driving 32% of total nonalcoholic beer category growth, according to NielsenIQ data.
Watch Fed Chair Jerome Powell testify live before Senate banking panel
Powell speaks Tuesday to the Senate Banking Committee as part of his semiannual address to Congress on monetary policy.
‚Make or break week:‘ Stifel sees 40% chance of President Biden dropping out of the race
Brian Gardner, Stifel’s chief Washington policy strategist, said it is a „make or break week“ for President Joe Biden’s campaign.
BP shares drop 3% after warning of up to $2 billion impairment, weak refining margins
BP on Tuesday said it expects to post an impairment of up to $2 billion in the second quarter, also warning of lower refining margins.
Samsung shares hit over 3-year high after better-than-expected guidance on strong AI demand
Samsung said Friday it expects operating profit for the April to June quarter to be approximately 10.4 trillion won — a jump of about 1,452%.
Constellation delivers beer profits, but weakness in wine prompts a downgrade
We want to see actual progress in wines and spirits before getting more positive on the trajectory of the stock.
Nike shares plunge after retailer says quarterly sales will fall 10%, warns on China weakness
Nike has found itself in a rough patch as the sneaker giant has worked to claw back market share it’s ceded to upstarts like On Running and Hoka.
Walgreens stock plunges as drugstore chain slashes profit guidance in ‚challenging‘ consumer environment
The results and guidance cut come as Walgreens works to slash costs by closing underperforming U.S. stores, among other measures.