The bulls got what they wanted this week: cooler inflation data and record highs. The Dow Jones Industrial Average on Friday closed above 40,000 for the first time, capping off a 1.24% advance for the week. The S & P 500 and Nasdaq Composite , meanwhile, closed at all-time...
All three major averages closed higher for the week, driven by softer retail sales and consumer price data for April. It was another bad news is good news week for Wall Street, with both weaker-than-expected reports pointing to further disinflation — which is key to any hopes of the...
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. U.S. stocks were flat on Friday, a session after the Dow hit above the 40,000 mark for the first time. The Nasdaq Composite and...
Shoppers line up to enter a Cartier store, a unit of Cie. Financiere Richemont SA, on Canton Road in the Tsim Sha Tsui area of Hong Kong.Billy H.C. Kwok | Bloomberg | Getty ImagesShares of Swiss luxury group Richemont climbed as much as 6.3% Friday after the company reported...
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of key moments. The Dow on Thursday topped 40,000 for the first time ever. The S & P 500 and the Nasdaq also hit record highs for the...
A BT Group Plc logo on a EE/BT Group Plc store in London, UK, on Wednesday, May 17, 2023.Hollie Adams | Bloomberg | Getty ImagesLONDON — Shares of BT Group surged Thursday after the company announced a target of a further £3 billion ($3.8 billion) in cost savings.BT shares...
EasyJet Plc passenger aircraft on the tarmac at London Southend Airport in Southend-on-Sea, UK, on Friday, May 3, 2024.Bloomberg | Getty ImagesShares of EasyJet fell more than 7% on Thursday after the low-cost airline posted a slightly larger-than-expected loss in the first half of the fiscal year and announced...
ZHEJIANG, CHINA - MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu, March 16, 2023.Long Wei | Future Publishing | Getty ImagesChina's Baidu beat analysts' estimates for first-quarter revenue on Thursday, driven by a recovery in advertising...
15 November 2023, Bavaria, Munich: Flags with the word "Siemens" in front of the company's headquarters.Karl-Josef Hildenbrand | Picture Alliance | Getty ImagesGerman technology giant Siemens on Thursday reported a drop in profit at its industrial business in the fiscal second quarter and said its automation division had slowed.The...
Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024.Stefan Wermuth | Bloomberg | Getty ImagesCisco reported earnings and revenue for the fiscal third quarter that topped Wall Street's estimates, even with sales dropping from...