Pepsi bottles with new and previous logos are seen at the grocery store in Las Vegas, United States on November 17, 2023.Jakub Porzycki | Nurphoto | Getty ImagesPepsiCo reported mixed quarterly results Thursday, hurt by declining demand in North America for its drinks and snacks.The company also narrowed its revenue...
We hear the warnings all the time. The market is only driven by a handful of massive tech stocks – and therefore, it's built on a weaker foundation than a market advancing on a broader swath of its constituents. We think that view is lazy and misguided. In his...
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Amber Wang | Afp | Getty ImagesTSMC, the world's largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday...
BP in 2020 set out its ambition to become a net zero company "by 2050 or sooner."Matt Cardy | Getty Images News | Getty ImagesBP shares dropped on Tuesday after the firm flagged it expects to post an impairment of up to $2 billion in the second quarter and...
Wall Street finished higher for the holiday-shortened trading week, with tech stocks leading the way. The Dow Jones Industrial Average gained under 1% for the week. The S & P 500 and Nasdaq , which both closed at record highs Friday — rising nearly 2% and 3.5%, respectively, for...
The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesShares of Samsung Electronics jumped to their highest level since January 2021 after the South Korean tech...
Constellation Brands reported an earnings beat on Wednesday that was driven by strength in its beer business. However, shares fell 4% after an initial move up, as investors — including us — remain troubled by continued weakness in the wines and spirits business. Comparable net sales for the three...
Pedestrians cross the street in front of a H&M store in Hong Kong.Sopa Images | Lightrocket | Getty ImagesShares of H&M plunged more than 14% on Thursday morning after the company reported a smaller-than-expected increase in second-quarter profits and cast doubt over its June sales and full-year profit margin...
Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024. Brendan Mcdermid | ReutersMicron shares fell almost 8% in extended trading on Wednesday as investors looked past better-than-expected results...
Here are the stocks making headlines before Wall Street's opening bell. Solaredge Technologies — The green energy stock fell more than 17% after announcing a new debt offering. Solaredge said it will offer $300 million worth of convertible notes, due 2029. Pool Corp — Shares sank 12.4% after the...