Check out the companies making headlines in midday trading. Cisco Systems — The tech company's shares dropped 4.4% after it posted declining fiscal second-quarter revenue. Cisco also issued a lighter-than-expected forecast for the third quarter and announced a downsizing plan that would lead to a 5% reduction in jobs...
NEW YORK, NEW YORK - MAY 17: President and CEO of Wells Fargo Charlie Scharf attends The Future of Everything presented by the Wall Street Journal at Spring Studios on May 17, 2022 in New York City. (Photo by Steven Ferdman/Getty Images)Steven Ferdman | Getty Images Entertainment | Getty...
A SpaceX Falcon 9 rocket carrying the Nova-C lander for the IM-1 mission launches from pad 39A at the Kennedy Space Center at 1:05 a.m. EDT on February 15, 2024 in Cape Canaveral, Florida.Paul Hennessy | Anadolu | Getty ImagesShares of Intuitive Machines spiked in early trading on Thursday,...
The Chicken Shack sandwich from Shake Shack.Shake ShackShares of Shake Shack surged 20% Thursday morning after the burger chain delivered strong fourth-quarter earnings results.With Thursday morning's gains, the stock reached a new 52-week high of $95.80 and is up more than 50% in the last twelve months.Stock Chart IconStock...
Consumer spending fell sharply in January, presenting a potential early danger sign for the economy, the Commerce Department reported Thursday.Advance retail sales declined 0.8% for the month following a downwardly revised 0.4% gain in December, according to the Census Bureau. A decrease had been expected: Economists surveyed by Dow...
A SpaceX Falcon 9 rocket carrying the Nova-C lander for the IM-1 mission launches from pad 39A at the Kennedy Space Center at 1:05 a.m. EDT on February 15, 2024 in Cape Canaveral, Florida.Paul Hennessy | Anadolu | Getty ImagesTexas-based Intuitive Machines' inaugural moon mission began early Thursday morning,...
The hedge fund that owns True Religion is exploring a sale of the Y2K-era jeans brand as it returns to growth and profitability after emerging from its second bankruptcy, CNBC has learned. True Religion sales jumped about 20% to around $280 million last year, and it brought in $80 million...